President Lula bans online betting operations in Brazil through provisional measure
By The Weekly Edge desk · · Updated
Summary
President Lula issued a provisional measure immediately banning online betting operations in Brazil, reported by iGaming Business. Licensed sites face blocking from 6 October, and Congress has 120 days to ratify or amend the measure. Betano is preparing legal action, while Allwyn and Entain have outlined potential effects on their forecasts.
Why it matters
Licensed operators face site blocking and requirements to return customer funds while Congress considers the provisional measure.