Lula bans fixed-odds sports betting a week before Brazilian elections

AI Summary

Brazilian President Luiz Inácio Lula da Silva has banned fixed-odds sports betting ahead of the presidential election to prevent families from falling into debt. The ban prohibits operation, intermediation, and advertising of betting and is expected to gain public support.

President’s ‘hard, drastic and necessary measure’, likely to attract widespread public support, polls suggest Brazilian president, Luiz Inácio Lula da Silva, has signed an order banning fixed-odds sports betting just over a week before the first round of the presidential election, in a move he said was designed to tackle the pervasive problem of families falling into debt. The decision ends the operation, offering, intermediation and advertising of betting. Continue reading...