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[POLITICS] · Brazil · 58 sources

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Brazil bans online betting and casinos via presidential decree

President Luiz Inácio Lula da Silva has signed Provisional Measure No. 1,394, effectively banning fixed-odds betting, online casinos, and their advertising across Brazil. The measure, which the President described as a necessary action to combat gambling addiction and household debt, prohibits the exploration, offering, intermediation, and advertising of these services in both physical and virtual environments.

The ban includes a strict timeline for the industry: new deposits are prohibited immediately, and users have until 23:59 on October 5 to voluntarily withdraw remaining balances. By October 6, betting sites and apps must cease operations. Between October 9 and 14, financial institutions are required to return any remaining funds to bettors, with Caixa Econômica Federal acting as a fallback for unresolved cases.

The decision has sparked significant backlash from the sports sector. Major football clubs, including Flamengo and Corinthians, have expressed concern that the loss of massive sponsorship revenue will destabilize their financial structures. In response, the government plans to meet with Serie A club executives to discuss potential solutions to minimize economic damage. Additionally, the Executive is preparing a bill to criminalize the illegal operation of online betting, with proposed prison sentences ranging from four to six years.

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Brazil · Brazilian Congress · Caixa Econômica Federal · CazeTV · Corinthians · Darío Durigan · Flamengo · Government of Brazil · Luiz Inácio Lula da Silva · Palmeiras · Sportingbet · Unified Health System

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