Lula announces proposed ban on online betting and casinos in Brazil
Brazilian President Luiz Inácio Lula da Silva announced a proposed ban on digital sports betting, online casinos and sector advertising, according to the report. The measure is set out in a provisional decree due to take effect after publication in the official gazette, and Congress will have 120 days to approve or reject it. Finance Minister Dario Durigan also announced a bill to criminalise illegal betting operations.
Operators face a proposed market ban whose continuation depends on publication and review by Congress.