Brazilian President Luiz Inácio Lula da Silva has signed a provisional order banning online gambling ahead of the presidential election, citing concerns over addiction and financial harm to families.
Brazilian President Luiz Inácio Lula da Silva has announced a ban on online gambling, just days before the presidential election in which he is seeking a fourth term. The move comes as Lula faces a tight race against Flávio Bolsonaro, the son of former President Jair Bolsonaro. The ban prohibits all sports betting and online casinos, with existing funds in betting accounts needing to be withdrawn by 5 October. New deposits have been barred, and the measures must receive congressional approval within 120 days to remain in force.
The online gambling industry, legalised in 2018, has been linked to household income losses due to addiction. Lula described the industry as a 'cancer' that must be 'removed,' stating that 'either we remove the tumour, or it kills us.' Flávio Bolsonaro accused Lula of using the issue for political gain, while Brazilian football teams warned that the ban could lead to revenue losses as betting firms pull sponsorships. Lula also signed a bill to establish criminal offences related to fixed-odds betting, the most common type of online sports betting.
Why it matters
The ban directly impacts the online gambling industry and could influence voter sentiment in a closely contested election.
This section reflects Dumpling editorial interpretation and is provided for context only.
What to watch
Congressional approval of the new measures within 120 days will determine their enforcement.
This section reflects Dumpling editorial interpretation and is provided for context only.