Brazilian President Luiz Inácio Lula da Silva is expected to discuss Caixa’s proposed betting platform with bank president Carlos Vieira the following week, the report said. The project’s future remained undecided, while the bank reportedly expected its planned 2025 announcement and 2026 launch to be delayed.
The unresolved discussions leave the state bank’s proposed market entry and launch timing uncertain.
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Caixa Econômica Federal has postponed its planned betting-platform launch after President Luiz Inácio Lula da Silva intervened, with the project no longer a current priority. The bank had planned to unveil the platform in the second half of 2025 and begin operations in 2026; government officials said Caixa was directed to prioritise other public programmes.
Brazil's election and President Luiz Inácio Lula da Silva's reported plan to repeal the 2024 betting law have left the industry's future uncertain, according to the account. It says an emergency decree would require betting agencies to close by 25 October and players to complete withdrawals by 5 October, but the measure's fate remains subject to Congress and a possible Supreme Court challenge.
Brazil's President Luiz Inácio Lula da Silva has announced his intention to repeal the 2024 betting law, according to the report, nine days after the first round of voting on 4 October. The repeal took the form of an emergency presidential decree requiring betting agencies to close by 25 October and players to complete withdrawals from their accounts by 5 October.
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.
Brazilian president Luiz Inácio Lula da Silva said on 23 September that the government would end betting, after discussing the scope of a provisional measure with ministers. He gave no details or signing timetable, and the measure had not been signed. Minister José Guimarães said the text would be issued that week.
Brazilian President Luiz Inácio Lula da Silva was expected to decide or sign a provisional measure on betting on 23 September, after discussing it with ministers in Brasília. Media reports described two possible approaches: ending online casinos or banning betting more broadly; the final text and its terms were not stated.