Lula administration considers banning online casino games in Brazil
Brazil’s administration is preparing a proposed executive order to prohibit online casino games while keeping sports betting legal, reportedly, with President Luiz Inácio Lula da Silva expected to settle its wording before the 4 October election. The National Association of Gaming and Lotteries estimates that about three-quarters of industry revenue comes from products outside sports betting; it says potential compensation claims could reach 120 billion reais.
A proposed ban could remove a major revenue source from licensed operators and prompt compensation claims.