Brazil's Lula Bans Online Betting Ahead of Elections
- Brazilian President Luiz Inácio Lula da Silva signed an order banning online sports betting and casinos shortly before the October 4 presidential election.
- The order immediately stops new deposits and advertising, requires websites and apps to go offline on October 6, and must be approved by Congress within 120 days.
- Lula said the ban addresses gambling-related debt and addiction, while officials said more than 60 billion reais had flowed from families to legal betting companies.
- Football clubs and betting-industry groups warned that the ban could reduce sponsorship, jobs, and tax revenue while pushing gamblers toward illegal platforms.
315 Articles
315 Articles
Brazil's Lula promotes popular betting ban within days of tight election
Brazil has one of the world’s biggest online betting markets, which made more than $4 billion in revenues in 2025, according to an institute that represents most of the platforms operating in the South American nation. About 2 million people…
Better Collective A/S (BTRCF) Discusses Impact of Brazilian Fixed-Odds Betting Ban and Strategic Response Transcript
Better Collective A/S (BTRCF) Discusses Impact of Brazilian Fixed-Odds Betting Ban and Strategic Response September 28, 2026 2:00 AM EDTCompany...
No impact from Brazil crackdown – DigiPlus
DIGIPLUS Interactive Corp. said Monday that Brazil’s latest regulatory crackdown on betting was not expected to have a material impact on operations or finances as it moves to comply with the government directive.
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