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Lula says he would close Brazil’s bookmakers if decision were his

Regulation

Brazilian President Luiz Inácio Lula da Silva said he would close bookmakers if the decision were entirely his, while questioning the scale and effects of betting in the country. He said he was considering whether to end betting or regulate it so fewer operators could operate; his comments come as gambling policy receives greater attention ahead of the 2026 election.

Lula’s comments signal potential political pressure for changes to Brazil’s betting framework.

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Regulation

Lula orders Brazil’s regulated betting market to close from 6 October

Brazilian President Luiz Inácio Lula da Silva ordered a halt to fixed-odds betting through a provisional measure, with authorised operators’ sites and apps due to cease activity on 6 October. Players can request withdrawals until 5 October; operators must consolidate identified customer balances on 7 and 8 October and return remaining funds through banks and financial intermediaries between 9 and 14 October. The measure excludes compensation for lost profits and investments, according to the report.

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