Tag: president lula

Latest bill calls for online betting ban in Brazil

A bill to ban online sports betting in Brazil has been proposed by senator Sérgio Petecão on concerns that betting impacts mental health and drives financial debt.

Bill 4.031/2024 was put to the senate on 21 October. It is the latest in a series of initiatives by politicians to restrict online betting in Brazil, months before the licensed market is scheduled to open on 1 January 2025.

Preparations to award licences are in motion but various senators and public figures have expressed concern. Key issues are the impact that online betting can have on vulnerable groups including the elderly and those receiving social benefits.

Concern stems from a controversial study that claimed regular bettors have sacrificed money meant for food and medicine to wager. Despite its small sample size (1,337 consumers polled) and controversial findings, the study received significant media coverage.

Industry awaiting President Lula betting update

President Luiz Inácio Lula da Silva is expected to..

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