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Brazil’s government bans fixed-odds betting under provisional measure

Regulation

Brazil’s government prohibited fixed-odds betting nationwide through Provisional Measure 1,394, signed on 25 September, according to the report. The measure covers sports betting and online games, requires operations to close and directs platforms to return customers’ balances. The report says operators are considering legal challenges, which are awaiting review by the Supreme Federal Court.

Operators face a nationwide ban and potential legal challenges to the measure.

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Regulation

President Lula bans online betting operations in Brazil through provisional measure

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.

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