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GAMBLING

Lula's election-season wager against online betting

Brazil's sports betting boom has fueled a rise in household debt, many experts say. Image generated with AI.

Brazil's sports betting boom has fueled a rise in household debt, many experts say. Image generated with AI.

The Luiz Inácio Lula da Silva administration is preparing a provisional decree to curb online betting platforms. The decision follows a September 1 meeting at the presidential palace, to which no one from the industry was invited, where Lula called online gambling "evil for society" and said that, personally, he would shut the platforms down.

The Chief of Staff's Office is drafting…

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