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Brazilian government weighs emergency measure and online casino ban

Regulation

Brazil's government is discussing tougher rules for fixed-odds betting with congressional leaders, including a possible emergency measure and an online casino ban. The proposals remain under consideration, and the government has not decided which approach to pursue; a measure would need congressional approval to remain in force.

A possible ban or tighter rules could materially change the operating conditions for betting companies in Brazil.

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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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