1 of 1
Story summary
- President Luiz Inácio Lula da Silva issued a provisional order banning online sports betting, casino games, and fixed-odds betting nationwide.
- The ban takes effect immediately, requiring congressional approval within 120 days.
- Users must withdraw betting funds by October 5, after which app stores will block betting sites starting October 6.
- Lula announced a November auction to buy up to 150 billion reais of delinquent loans, spending 15 billion reais, 90% discount.
