Provisional measure targeting betting companies may set a short timeframe for restrictions to take effect

The government is finalizing the details of the provisional measure (MP) that could ban sports betting in Brazil. If the restrictions do not take effect immediately, the text is expected to set a short timeframe for their implementation. According to O Globo, the intention is for the new rules to be in effect before the first round of the elections, scheduled for October 4. The text is still undergoing adjustments and may be modified prior to the official announcement, scheduled for early Friday evening (25). The interval between the publication of the Provisional Measure and the entry into force of the restrictions may allow bettors to request the withdrawal of funds held on licensed platforms. Also according to *O Globo*, the move is viewed at the Planalto as a way to boost the popularity of President Luiz Inácio Lula da Silva, a candidate for re-election. However, members of the government’s base still question the measure due to its potential consequences and the legal uncertainty involved.. Although part of the government advocates for a gradual suspension—initially focused on online casinos—the proposal to ban all forms of online betting in Brazil reportedly prevailed, according to the newspaper. In addition to the provisional measure targeting betting companies, the government is expected to send a bill to Congress. The provisional measure may also include mechanisms to prevent bettors from migrating to illegal platforms. Furthermore, a bill is expected to be submitted to the National Congress to strengthen the fight against illegal gambling through increased penalties and the imposition of fines. O Globo also reports that the texts of the provisional measure and a new debt renegotiation program were still being finalized ahead of Lula’s announcement at an event scheduled to take place in São Paulo around 6 p.m. O post Provisional measure targeting betting companies may set a short timeframe for restrictions to take effect apareceu primeiro em iGaming Brazil.