President Lula bans betting companies from operating in Brazil from 6 October
Less than two years after Brazil finally regulated online betting, the nation’s president has banned the licensed sector.
Less than two years after Brazil finally regulated online betting, the nation’s president has banned the licensed sector. President Lula issued a provisional measure banning the operation of online betting sites in Brazil, effective immediately.
It was decided that, upon publication of the measure, no operator may accept customer deposits. Bettors must request the withdrawal of their funds by 5 October.
First reported by r/worldnews.
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