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Lula signs measure banning betting and online casinos in Brazil

Regulation

Brazilian President Luiz Inácio Lula da Silva signed a provisional measure on 25 September banning betting activity, including online casinos and fixed-odds betting, and prohibiting sector advertising. It took effect immediately but requires congressional approval within 120 days to remain in force; users were given until 5 October to withdraw account balances, with sites due to be blocked on 6 October.

Operators must halt activity and advertising under the measure, subject to congressional approval within 120 days.

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Regulation

President Lula bans online betting operations in Brazil through provisional measure

President Lula issued a provisional measure immediately banning online betting operations in Brazil. Licensed sites face blocking from 6 October, and Congress has 120 days to ratify or amend the measure. Betano is preparing legal action, while Allwyn and Entain have outlined potential effects on their forecasts.

On Friday, with the country's general election two days away, President Lula signed a provisional measure that halts online betting sites in Brazil with immediate effect. Licensed operators will be blocked from 6 October, and customers have until the preceding day to ask for their money back. Any funds still held after that deadline must be credited by the sites to registered accounts during the window of 9 to 14 October. Because the instrument is provisional, Congress must review it, ratifying or amending it inside 120 days.

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