President Lula bans online betting operations in Brazil through provisional measure
By SectorWire desk · · Updated
Summary
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 ALWN · EUR 12.30 2026-10-16 Data and Entain ENT · GBp 443.70 2026-10-16 Data have outlined potential effects on their forecasts.
Why it matters
Licensed operators face site blocking and requirements to return customer funds while Congress considers the provisional measure.