SectorWire
SearchGet the daily briefing
Menu

Lula urges government to unite behind Brazil online betting ban

Regulation

Brazilian President Luiz Inácio Lula da Silva called for a ban on online betting in a national address on Sunday, prompting criticism from industry representatives. Ramiro Atucha said the remarks could undermine investor confidence, while Udo Seckelmann argued that prohibition would push activity back to unlicensed operators and require a new legislative process.

A proposed ban could affect licensed operators’ investment confidence and the future of Brazil’s regulated betting market.

Request a correction

Keep reading

Regulation

Lula rules out return of betting platforms after Brazil ban

Brazil's President Luiz Inácio Lula da Silva said the ban on betting operations in the country's national territory is an irreversible decision. The report did not give further details of the measure or its scope.

President Luiz Inácio Lula da Silva has called the ban on betting operations within the national territory an irreversible decision. The provisional measure behind the ban must still go through a further stage.

Continue reading