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Lula criticises online betting and casino access in Brazil

Regulation

Brazilian President Luiz Inácio Lula da Silva criticised online betting and casino access during a speech in Rio de Janeiro on 16 January. He said online gambling platforms had increased children’s access to betting and linked the sector to football, advertising and corruption; he also said the Central Bank of Brazil was working to ensure the sector paid at least some tax.

Lula’s remarks signal political scrutiny of online betting and its taxation in Brazil.

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Regulation

Lula criticises Brazil’s online betting expansion and discusses Central Bank oversight

Brazilian President Luiz Inácio Lula da Silva criticised the growth of online betting at a 16 January ceremony in Rio de Janeiro and referred to the Central Bank’s oversight role. The Ministry of Finance’s Prizes and Betting Secretariat is responsible for supervising the betting sector, while the Central Bank oversees financial-system transactions, according to the report.

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