By SectorWire desk ·
The report said on 9 October that President Lula renewed his criticism of betting, saying it harmed poor people. The remarks followed a Datafolha poll showing Flávio Bolsonaro with 52% of valid votes.
President Lula’s renewed criticism puts betting’s alleged harm to poor people under political scrutiny.
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The proposal could affect betting operators and the sector’s workers, clubs and public revenue if Congress advances the ban.
Operators await a Supreme Court decision on Brazil’s regulated gambling sector closure that experts expect after the general election.
Flávio Bolsonaro’s criticism raises legal certainty concerns over the government’s fixed-odds betting prohibition.
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.
Bolsonaro’s criticism raises legal certainty concerns over the government’s decision for fixed-odds betting operators.
Lula’s broadly unchanged position after MP 1.394 raises questions about the electoral benefit of his government’s betting stance.