Brazil’s President Lula bans online betting ahead of presidential election
The order halts new deposits and gives bettors until Oct. 5 to withdraw funds, as officials cite addiction, debt and public health concerns.
- On Friday, President Luiz Inácio Lula da Silva signed a provisional executive order banning fixed-odds betting, designed to tackle families falling into debt ahead of next week's presidential election.
- Officials claim the ban addresses public health crises and economic drainage, citing a 2025 study showing betting costs Brazil 38.8 billion reais annually and increases suicide and depression rates.
- Brazil's main soccer clubs warned of financial ruin after betting companies reportedly threatened to terminate sponsorships immediately if the government proceeded with the ban.
- Sen. Flávio Bolsonaro, Lula's main rival in the upcoming election, accused the leader of an "electoral measure," though polls show widespread public support for the ban among Brazilians.
- The provisional order takes effect immediately but requires congressional approval within 120 days to remain in effect; users must withdraw funds from platforms by October 5.
249 Articles
249 Articles
President of Brazil justifies the prohibition of sports betting on the Internet with a high number of people in debt during the rally in São Paulo and a few days from the presidential elections.
São Paulo, 26 Sep (EFE).- Brazil's president, Luiz Inácio Lula da Silva, said this Saturday that sports betting on the Internet had become a "disgrace for the poor" by defending his decision to ban them at a rally in São Paulo, the largest city in the country, just eight days from the [...] La entrada Lula defends his decision to ban sports betting at a rally in São Paulo was first published in HolaNews.
The measure enters into force immediately, but must be ratified by Congress within 120 days. The government justified it for its impact on indebtedness, while Flávio Bolsonaro accused the president of electoral opportunism.
The President of Brazil, Luiz Inacio Lula da Silva, announced a measure banning sports betting and online casinos, nine days before the presidential and legislative elections. Lula, accompanied by several members of the government, made the announcement on Friday in Sao Paulo, where he presented the ban for the so-called "bets", which targets "all types of ...
The president is challenged by Flávio Bolsonaro, and the polls give one head to one. The move is supported by two thirds of voters
The president, tied with Bolsonaro Jr., vetoes digital gambling to face the serious debt and addiction crisis
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