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Lula proposes legislation to ban online casinos in Brazil

Regulation

Brazilian President Luiz Inácio Lula da Silva said he intends to work with Congress on legislation to prohibit online casinos, citing household financial harm and gambling addiction. Legal specialists interviewed said a lasting ban would require congressional approval; they also warned that reversing the regulated market could prompt disputes from authorised operators.

A proposed ban could affect authorised operators and would require legislative action, according to the specialists interviewed.

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Regulation

Lula's proposed betting ban leaves Brazil's regulated market uncertain

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.

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