The measure, which has immediate effect, also bans new deposits on betting platforms from this Friday, with users having until October 5 to withdraw their money. A bill has been sent to Congress that would classify the exploitation or operation of betting as a crime, with penalties of 4 to 6 years in prison and a fine. The Congress has 120 days to approve or reject the bill. Furthermore, the government has previously regulated these companies with a law (14.790/2023) three years ago. It is also reported that betting platforms extracted more than 60 billion reals (11.500 million dollars) from families in the last year, highlighting the issue of gambling addiction and financial debt.
Betting ban hits Brazilian football
Brazilian President Luiz Inácio Lula da Silva has signed a provisional measure that immediately prohibits the exploitation, offer, intermediation, and advertising of fixed-odds betting (sports and online games) in the country. This move comes as 16 of 20 Serie A teams have a betting company as their main sponsor, according to Olé.
This article was assembled with AI assistance and editorially reviewed.

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