BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva, whose government is trying to stop a sports bets craze consuming household incomes, said on Sunday he will ban online betting if regulation does not cure “addiction” by bettors. Soccer-mad and bet-loving Brazilians have fallen hard for sports betting since it was legalized in 2018...
Tag: Luiz Inacio Lula da Silva
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Brazil to ban sports betting if ‘addiction’ not regulated
Brazil President Luiz Inacio Lula da Silva, whose government is trying to stop a sports bets craze consuming household incomes, said on Sunday he will ban online betting if regulation does not cure “addiction” by bettors. Soccer-mad and bet-loving Brazilians have fallen hard for sports betting since it was legalized in 2018 and bank studies...
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Brazil to propose steps to block use of benefits for online bets
BRASILIA (Reuters) – Brazil’s Social Development Ministry said on Friday that a working group will propose measures by next week to stop people using their social benefit payments for online gambling. President Luiz Inacio Lula da Silva’s Bolsa Familia, a more than 20-year-old scheme, provides direct cash transfers to the poorest households at an annual...