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Brazilian betting associations urge regulation as government weighs market ban

Regulation

Brazilian associations representing licensed betting published a manifesto on 24 September opposing a possible federal measure that could end the sector. They warned that a shutdown could shift bettors to illegal sites, reduce tax and statutory revenues, and cause job losses; the groups called instead for stronger oversight and regulation.

A possible shutdown could affect licensed operators, their suppliers and public revenue tied to the regulated market.

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Regulation

Brazilian Congress weighs online betting ban after Lula wins election

Luiz Inácio Lula da Silva won Brazil’s presidential election with 51.75% of the vote, reportedly defeating Flavio Bolsonaro. Congress must decide the fate of Provisional Measure 1,394, which Lula signed in September and which bans online gaming and fixed-odds betting; lawmakers have 60 days to vote, with a possible 60-day extension.

Luiz Inácio Lula da Silva won Brazil's presidential election, reportedly taking 51.75% of the vote against Flavio Bolsonaro. The result leaves the future of the country's online gaming and fixed-odds betting market with Congress, which must decide the fate of Provisional Measure 1,394, signed by Lula in September.

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