Brazil bans betting: The immediate aftermath
By The Weekly Edge desk ·
Summary
President Lula issued a provisional measure immediately banning online betting operations in Brazil, with licensed sites due to be blocked from 6 October. Congress has 120 days to ratify or amend the measure. Betano is preparing legal action, while Entain, Allwyn and Flutter have outlined potential financial impacts; Flutter estimated a $70 million revenue reduction if the ban lasts through year-end.
Why it matters
The ban could block licensed operators from Brazil and force companies to reassess legal and financial plans.