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Brazil government weighs ending betting or imposing radical regulation

Regulation

Brazil’s government has not decided whether to end betting or pursue what Institutional Relations Minister José Guimarães described as radical regulation. Guimarães said the government was discussing its approach after Desenrola 2.0 introduced a one-year betting-platform block for beneficiaries; President Luiz Inácio Lula da Silva and Finance Department executive secretary Rogério Ceron defended the restriction on debt grounds.

A possible ban or tighter regulation could materially change the conditions for betting operators in Brazil.

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Regulation

Lula weighs provisional measure restricting Brazil’s betting sector

Brazilian President Luiz Inácio Lula da Silva was considering a provisional measure on betting, with options including tighter advertising rules, restrictions on online casinos or a broader ban, according to the report published on 23 September. Institutional Relations Minister José Guimarães said the final decision rested with Lula; the government was studying the measure’s financial and fiscal effects and planned to consult congressional leaders before announcing it.

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