By SectorWire desk ·
The report said that Finance Minister Durigan had framed the election as a voter decision on betting. The outlet said Lula finished the first round 2.2 million votes behind Flávio Bolsonaro, with his position broadly unchanged from before MP 1.394.
Lula’s broadly unchanged position after MP 1.394 raises questions about the electoral benefit of his government’s betting stance.
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The proposal could affect betting operators and the sector’s workers, clubs and public revenue if Congress advances the ban.
President Lula’s renewed criticism puts betting’s alleged harm to poor people under political scrutiny.
Operators await a Supreme Court decision on Brazil’s regulated gambling sector closure that experts expect after the general election.
Flávio Bolsonaro’s criticism raises legal certainty concerns over the government’s fixed-odds betting prohibition.
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.
Bolsonaro’s criticism raises legal certainty concerns over the government’s decision for fixed-odds betting operators.