US EditionBrazil's Lula argues for ban on online betting platforms
Lula said online gambling has driven household debt higher and called the industry a “massive tragedy” for millions of Brazilian families.
- On Wednesday, President Luiz Lula said he favors a national ban on online Betting platforms in Brazil, citing soaring household debt in the South American nation as a major concern.
- Sports Betting was legalized in Brazil in 2018 under President Michel Temer, but Figures published in March show more than 80% of families now hold debt, the highest since 2010.
- Betting companies sponsor almost every one of the country's Sports clubs, while Many Brazilian religious groups regularly criticize the industry and Sports stars including Ronaldo Naz and Roberto Rivellino endorse brands.
- "If it is up to me, we close them," Lula said in an interview to ICL Noticias, after the administration introduced regulations in 2025 following earlier platform blockages.
- Brazil Now seeks to impose higher tariffs on these companies, increasing the Current 12% tax on their income, though Betting companies argue this could hinder local competition against offshore sites.
15 Articles
15 Articles
Sao Paulo. Brazil’s president, Luiz Inácio Lula da Silva, said he is in favour of banning online gambling platforms nationwide, whose revenues in the South American country are estimated at over $4 billion a year, one of the largest markets in the world.
SAO PAULO (AP) — Brazil’s president, Luiz Inácio Lula da Silva, said he is in favour of banning online betting platforms at the national level, whose income in the South American country is estimated at more than $4 billion a year, one of the largest markets in the world. Lula, 80 years old, who is running for re-election in October, said that online gambling has caused “a huge tragedy” for millions of families whose household debts have skyrock…
Associated Press News
Brazil's Lula argues for ban on online betting platforms
Brazil’s President Luiz Inácio Lula da Silva said on Wednesday he favors a national ban on online betting platforms, whose revenues in the South American nation are estimated in more than $4 billion per year, one of the biggest markets in the world.
Brazil's Lula Wants Online Betting Companies Banned
Brazil’s President Luiz Inácio Lula da Silva said on Wednesday he favors a national ban on online betting platforms, whose revenues in the South American nation are estimated in more than $4 billion per year, one of the biggest markets in the world Brazil's Lula Wants Online Betting Companies Banned.
President Luiz Inácio Lula da Silva stated on Wednesday (8th) that he advocated a ban on electronic bets with fixed odds in Brazil, the so-called "bets". In an interview with the broadcaster ICL Notícias, he expressed concern about the increasing indebtedness of the population and the impact of gambling addiction on public health. "When it comes to [...] The post Lula criticizes the rise in gambling and defends its ban in Brazil first appeared o…
Sports posters were legalized in Brazil in 2018, following a law signed by President Michel Temer.
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