Brazil bans sports betting days before presidential election

Brazilian President Luiz Inacio Lula da Silva has ordered a prohibition connected sports betting websites, a large root of sponsorship for the country’s shot clubs, days earlier the statesmanlike predetermination successful which helium is seeking a 4th term.

The determination comes amid a accelerated enlargement of gambling successful Brazil, with concerns that betting has pushed galore radical into debt.

Opinion polls person besides indicated beardown nationalist absorption to the industry, which Lula has antecedently described arsenic a “cancer.”

Finance Minister Dario Durigan announced the measurement on Friday at an lawsuit attended by Lula, saying bettors would nary longer beryllium capable to deposit wealth into betting platforms operating successful the country.

“It is nary longer imaginable to deposit wealth into betting sites successful the country,” Durigan said.

The prohibition is among a bid of measures announced by Lula up of the archetypal circular of voting scheduled for October 4. 

The president is seeking different word amid a intimately contested contention against right-wing Senator Flavio Bolsonaro, according to sentiment polls.

Brazil’s betting manufacture has expanded importantly since the authorities introduced a regulatory model successful 2023. 

The maturation has been accompanied by extensi...