Brazil’s election leaves licensed betting ban’s future uncertain
By SectorWire desk ·
Summary
Brazil’s presidential runoff takes place on 25 October as the provisional measure banning licensed betting awaits a decision by Congress. Flávio Bolsonaro’s Liberal Party won 121 of 513 Chamber of Deputies seats, while commentators Ramiro Atucha and Udo Seckelmann said the election result would not determine whether the market returns.
Why it matters
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.