Brazil's Lula Bans Online Betting Ahead of Elections
The order takes effect immediately and gives bettors until Oct. 5 to withdraw funds, while Congress must approve it within 120 days.
- On Friday, September 25, 2026, President Luiz Inácio Lula da Silva signed a provisional executive order banning fixed-odds sports betting and online casinos in Brazil, effective immediately, requiring congressional approval within 120 days to remain in force.
- Characterizing the industry as a "cancer," Lula implemented the ban to address rising household debt and addiction. Finance Minister Dario Durigan cited a "public health issue" during the announcement.
- Entain and Flutter warned of significant revenue impacts following the ban. Brazilians wagered $68 billion via Pix in 2025, while gambling-related harms cost public health systems about $7.7 billion annually.
- Football clubs including Flamengo condemned the prohibition as a "heavy blow to Brazilian sports," warning the move may drive gamblers toward illegal platforms. Advertising must cease by October 6.
- Opponents including Senator Flávio Bolsonaro dismissed the timing as "populist, hypocritical and politically motivated" before the October 4 presidential election. Congressional approval remains uncertain amid legal challenges from industry groups.
328 Articles
328 Articles
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