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Brazil election leaves proposed gambling ban unresolved

Regulation

A press report said Brazil’s presidential election was heading to a second round after incumbent President Lula lost the first round to Flávio Bolsonaro. It also reported that online sports betting and iGaming would be banned from 6 October, but provided no further details on the measure or its status.

Operators and suppliers in Brazil face reported uncertainty over whether online betting and iGaming will be prohibited.

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Regulation

Lula’s re-election leaves Brazil’s gambling policy facing four possible paths

Regulus Partners said Lula’s re-election on 25 October leaves Brazil’s gambling sector in uncertainty, with four possible policy outcomes. The analysts put a 5% chance on a court challenge to the provisional measure succeeding and an 80% likelihood on the measure lapsing while licences also lapse; they said provincial licensing could offer a possible route forward.

Brazil's gambling sector faces uncertainty after President Lula's re-election on 25 October, according to Regulus Partners. The research firm said the result reduced the prospect that the Provisional Measure banning online gambling in Brazil would be reversed, and set out four possible policy paths.

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