Caixa postpones Brazil betting-platform launch after Lula’s intervention
Caixa Econômica Federal has postponed its planned betting-platform launch after President Luiz Inácio Lula da Silva intervened, with the project no longer a current priority. The bank had planned to unveil the platform in the second half of 2025 and begin operations in 2026; government officials said Caixa was directed to prioritise other public programmes.
The postponement leaves the timing of Caixa’s planned entry into Brazil’s regulated betting market uncertain.