More than 3,500 Brazilians lose jobs after betting ban imposed by President Lula
By The Weekly Edge desk ·
Summary
Brazil's betting sector has shed over 3,500 jobs, about 23% of its workforce, since Provisional Measure 1.394 was announced on 25 September, according to a partial survey by trade body ANJL. A further 4,167 employees are on collective furlough, and ANJL forecasts layoffs of 5,600 (37% of sector staff) within 90 days. ANJL and the Brazilian Institute of Responsible Gaming have asked the Supreme Federal Court to overturn the ban, but no ruling on suspending it has yet been made.
Why it matters
The Supreme Federal Court's pending decision on suspending the ban will determine whether furloughed Brazilian betting staff, 4,167 of them, lose their jobs permanently.