Lula vows tougher regulation of Brazil’s online betting market
Brazilian President Luiz Inácio Lula da Silva said at a ceremony in Mauá on 9 February that the federal government would take a tougher approach to regulating online betting. He argued that gambling can deepen debt among poorer households and called for measures to protect them; he also discussed investigations into financial crime and tax evasion.
Tighter rules could change operators’ compliance requirements in Brazil.