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By The Weekly Edge desk ·
Polymarket remains accessible despite a federal prohibition dating from April 2026, BNLData reported. The outlet put betting on Brazil’s presidential election at R$750.8m, with Lula and Flávio Bolsonaro ahead.
Brazilian authorities face continued Polymarket access despite a federal prohibition, with presidential election betting reported at R$750.8m.
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The proposal could affect betting operators and the sector’s workers, clubs and public revenue if Congress advances the ban.
President Lula’s renewed criticism puts betting’s alleged harm to poor people under political scrutiny.
Operators await a Supreme Court decision on Brazil’s regulated gambling sector closure that experts expect after the general election.
Flávio Bolsonaro’s criticism raises legal certainty concerns over the government’s fixed-odds betting prohibition.
Bolsonaro’s criticism raises legal certainty concerns over the government’s decision for fixed-odds betting operators.
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.