A report says Brazil's betting sector had expected Flávio Bolsonaro to win and was negotiating with his interlocutors to revise Provisional Measure 1,394. The headline describes a new phase in the debate over a betting ban after Lula's re-election.
Any revision to Provisional Measure 1,394 could affect betting operators in Brazil.
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President Lula issued a provisional measure immediately banning online betting operations in Brazil. Licensed sites face blocking from 6 October, and Congress has 120 days to ratify or amend the measure. Betano is preparing legal action, while Allwyn and Entain have outlined potential effects on their forecasts.
On Friday, with the country's general election two days away, President Lula signed a provisional measure that halts online betting sites in Brazil with immediate effect. Licensed operators will be blocked from 6 October, and customers have until the preceding day to ask for their money back. Any funds still held after that deadline must be credited by the sites to registered accounts during the window of 9 to 14 October. Because the instrument is provisional, Congress must review it, ratifying or amending it inside 120 days.
Brazil’s president is preparing a provisional measure to strengthen betting regulation. The report places the initiative against concerns about household debt and gambling addiction.
Brazilian President Lula da Silva could introduce a provisional measure restricting the Bets regime in the coming days. Citing SBC Noticias Brasil and sources close to the presidential palace, the report said a complete gambling ban remained possible.
Brazil's federal government has progressed discussions on changing sports betting rules through a provisional measure. The Chief of Staff's Office is leading the proposal.
The president of Brazilian football club Vitória has criticised a ban on betting companies and pointed to a multi-million-reais financial shortfall. The report says the veto has caused a behind-the-scenes crisis at the club and threatens its economic stability in Série A.