Brazil's Lula bans online gambling ahead of presidential election
Brazilian President Luiz Inácio Lula da Silva has announced a ban on online gambling, just days before an election in which he is seeking a fourth term as the country's leader. The left-wing leader…
Brazilian President Luiz Inácio Lula da Silva has announced a ban on online gambling, just days before an election in which he is seeking a fourth term as the country's leader.
The left-wing leader, who is running against the son of the incarcerated former Brazilian President Jair Bolsonaro, signed a provisional order on Friday that "prohibits all sports betting and online casinos".
The online gambling industry in Brazil was legalised in 2018 and has since been blamed for widespread household income losses due to addiction.
Flávio Bolsonaro accused his rival of playing politics, while Brazilian football teams said the ban could lose them income due to betting firms pulling their sponsorships.
Lula described the industry as a "cancer" in his announcement, adding that "either we remove the tumour, or it kills us".
The move comes just over a week before the first round of Brazil's presidential election. Recent polls have the 80-year-old leader almost neck-and-neck with the younger Bolsonaro.
Lula also separately signed a bill to establish criminal offences related to fixed-odds betting â the most common type of online sports betting.
Punters and bookies will have until 5 October to withdraw any existing funds from online betting accounts, while new deposits have been barred.
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