Lula government announces ban on online betting in Brazil

The federal government has just announced a ban on online betting in Brazil. The information was officially released by the Minister of Finance, Dario Durigan, early Friday evening (25). He also said that a bill will be sent to Congress under an urgent procedure to curb illegal gambling. Schedule of actions announced by the Minister of Finance According to Durigan’s statement, bets are no longer accepted in the country. Users of the licensed platforms will have until 11:59 PM on Monday (October 5) to voluntarily withdraw their funds from the platforms. If they fail to do so by the deadline, the financial institutions operating on behalf of the firms must transfer the funds to the users, according to the minister. Also according to the minister, the platforms and applications will cease operations on October 6. Companies will have until October 5 to remove all campaigns and physical and digital advertisements. The same timeframe also applies to sponsorships, including brand exposure on football club jerseys. The provisional measure comes into force as soon as it is published in the Official Gazette of the Union. However, It must be approved by the Chamber of Deputies and the Federal Senate within 120 days to be converted into law. Otherwise, it loses its validity. Furthermore, the government will also step up efforts to take down illegal websites and investigate financial transactions. A task force will bring together various agencies to intensify oversight through integrated operations and the sharing of strategic information. Accordingly, these measures also include strengthening the infrastructure of the Ministry of Justice and Public Security and the Federal Police. Lula signs provisional measure. Photo: Reproduction / YouTube Oversight The government will also step up the removal of illegal websites and investigations into financial transactions. A task force will bring together various agencies to intensify oversight through integrated operations and the sharing of strategic information. These measures also include strengthening the structure of the Ministry of Justice and Public Security and the Federal Police. Announced measures and deadlines O post Lula government announces ban on online betting in Brazil apareceu primeiro em iGaming Brazil.