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Brazilian government bars credit operations linked to betting payments

Regulation

Brazil’s Novo Desenrola debt programme bars credit operations directly linked to transfers used to place bets, according to the provisional measure. The Treasury said financial and payment institutions must comply with rules on credit instruments linked to Pix transactions, while oversight procedures have yet to be defined.

The measure may affect how financial institutions and betting operators handle credit-funded deposits.

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Regulation

Quaest poll puts bets and social media at 7% as source of hope nationwide

A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.

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