Brazilian President Luiz Inácio Lula da Silva plans to meet Caixa president Carlos Vieira and may seek to stop the bank’s planned online betting platform, according to the report. Caixa’s launch is planned for 26 November, and Vieira said the bank expects up to R$2.5 billion in revenue next year.
A possible presidential halt puts Caixa’s planned online betting launch in doubt.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| TQJ, OpenBet | Not stated | TQJ launches Bet do Milhão betting brand in Brazil | Not stated | |
| Logame do Brasil, Sortenabet Gaming Brasil | Not stated | SPA restores licences for Logame and Sortenabet in Brazil | Not stated | |
| RiskCherry | Not stated | Brazil’s SPA recognises RiskCherry as a betting certification body for three years | Not stated | |
| Sportvip Group International Apostas | Not stated | Brazil's SPA authorises Sportvip Group to offer betting and online games | Not stated | |
| Vanguard Entretenimento Brasil | Not stated | Brazil’s SPA authorises Vanguard for betting through 2029 | Not stated |
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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.
Reportedly, Brazil's President Luiz Inácio Lula da Silva is considering further restrictions on online betting before the elections. His administration regulated the sector during his current term.
Brazil’s government is preparing a proposed presidential decree that would restrict access to betting platforms and limit promotional activity, according to the report. The proposal would exclude people in federal debt renegotiation programmes, while a separate bill introduced by Congressman Pedro Uczai calls for a full online gambling ban; neither measure is described as enacted.
Brazilian media reports said the leadership of the Workers’ Party (PT) decided to include ending online betting among President Luiz Inácio Lula da Silva’s re-election campaign themes. The reports linked the decision to internal polling and a government assessment that existing sector oversight was insufficient. Government and advisers reportedly favoured a provisional measure, which would take effect upon publication, while officials remained divided over the scope of possible restrictions.
Brazilian President Luiz Inácio Lula da Silva announced the Novo Desenrola Brasil debt renegotiation programme on 30 April, with access due to begin on 4 May. Participants will be automatically blocked from online betting platforms for one year, Lula said; the programme is to be detailed at an event on 4 May.