Brazilian President Luiz Inácio Lula da Silva may introduce a provisional measure in the coming days to restrict the Bets regime, the legislative framework that legalised online betting and casino operations in the country from January 2025. Sources close to the Planalto Palace say a full ban on verticals such as online casino or sports betting has not been ruled out. If adopted, the measure would take effect immediately.
Last week Lula met with health and consumer rights organisations to discuss the impact of betting on Brazilian household finances. Operators and industry associations were not invited. Participants reported the president spoke of the need for a "radical solution". The Bets regime, in force for less than two years, now faces a possible overhaul.
CNN Brasil links the timing to the October presidential election. Polls conducted by Lula's Workers' Party show three quarters of its electorate oppose Bets. The backlash has been fed by claims that household debt has risen since legalisation. Brazil's central bank has denied any connection to betting, pointing instead to credit card debt.
In the final round Lula is expected to face Flávio Bolsonaro, a candidate backed by conservative Christian voters. Pre-election polling puts Lula at around 36 per cent, Bolsonaro at 29 per cent.
