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Lula backs Banco Central oversight of Brazil’s online betting market

Regulation

Brazilian President Luiz Inácio Lula da Silva backed the Banco Central’s oversight of online betting during a ceremony in Rio de Janeiro on 16 January, according to reports. He criticised the spread of betting platforms and said the central bank was working to ensure operators paid taxes; he gave no specific measures or timetable.

The president’s comments support the central bank’s stated role in supervising regulated betting firms’ financial activity and tax compliance.

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Regulation

Lula weighs provisional measure restricting Brazil’s betting sector

Brazilian President Luiz Inácio Lula da Silva was considering a provisional measure on betting, with options including tighter advertising rules, restrictions on online casinos or a broader ban, according to the report published on 23 September. Institutional Relations Minister José Guimarães said the final decision rested with Lula; the government was studying the measure’s financial and fiscal effects and planned to consult congressional leaders before announcing it.

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