Brazil’s Lula signs provisional online betting ban and plans consumer debt buyout
UOL reports that new betting deposits were barred immediately, with sites and apps set to go offline October 6, 2026. The provisional measure needs congressional approval within 120 days or it expires.
TLDR
UOL reported on September 25, 2026, that President Luiz Inácio Lula da Silva had signed a provisional online betting ban nine days before Brazil’s election. It barred new deposits immediately, set October 5 as the deadline for voluntary withdrawals and scheduled betting sites and apps to go offline October 6. Congressional approval is required within 120 days or the measure expires.
Bloomberg reports a separate government plan to spend 15 billion reais buying up to 150 billion reais ($28 billion) in delinquent consumer debt from banks, aiming to ease financial strain on households ahead of the election.
iGB reports that betting trade group ANJL said it was taking legal steps to overturn the ban, warning that it would drive bettors into the illegal market.
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