politics Brazil
Brazil bans fixed-odds sports betting
120days
The deadline for congressional approval of the order is 120 days.
President Luiz Inácio Lula da Silva signed an order banning the operation, intermediation and advertising of fixed-odds sports betting in Brazil. The order takes effect immediately but requires congressional approval within 120 days.
1 sourceThe GuardianUpdated
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Luiz Inácio Lula da Silva signed an order banning fixed-odds sports betting in Brazil.
“has signed an order banning fixed-odds sports betting”
The order ends the operation, intermediation and advertising of fixed-odds sports betting.
“The decision ends the operation, offering, intermediation and advertising of betting.”
The order comes into force immediately.
“The provisional executive order comes into force immediately”