President Lula bans betting companies from operating in Brazil from 6 October
- Less than two years after Brazil finally regulated online betting, the nation’s president has banned the licensed sector.
- President Lula issued a provisional measure banning the operation of online betting sites in Brazil, effective immediately.
- It was decided that, upon publication of the measure, no operator may accept customer deposits.
Unverified
- Less than two years after Brazil finally regulated online betting, the nation’s president has banned the licensed sector.
- President Lula issued a provisional measure banning the operation of online betting sites in Brazil, effective immediately.
- It was decided that, upon publication of the measure, no operator may accept customer deposits.
Sources: Igamingbusiness