President Luiz Inácio Lula da Silva threatens to ban sports betting due to youth addiction
Monday 13 de January 2025 / 12:00
2 minutos de lectura
(São Paulo).- Brazil's President Luiz Inácio Lula da Silva has come out strongly against the regulation of sports betting in the country, warning that if gambling addiction is not adequately addressed, he will not hesitate to ban it.
This statement came against a backdrop of growing concern about the impact of gambling on household incomes, especially those dependent on the Bolsa Familia social assistance programme.
Since the legalisation of sports betting in Brazil in 2018, the market has grown exponentially, positioning it as one of the five largest in the world, with a law passed in December 2023.
This legislation included both sports betting and popular online casino games, including slots, developed by large companies in the sector. Fortune Tiger, a popular game on social media in Brazil, has sparked controversy and debate, becoming the focus of media attention and the subject of police investigations into its promotion and suspicions of financial crimes.
President Lula da Silva, referring to the social impacts of such games, noted that “many families have seen their resources severely compromised, to the point of bankruptcy. If regulation does not work, I will not hesitate to put a definitive end to (gambling)”, he said.
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
GAT EXPO CARTAGENA 2025
28 de April 2025
26th edition of GAT Expo Cartagena closed with great success
(Cartagena de Indias).- The most important fair for the gaming, entertainment, technology and Esports industry in Latin America ended with an excellent commercial balance and testimonials of satisfaction from suppliers and operators, local and international authorities, associations and the main trade unions in the region.
Friday 02 May 2025 / 12:00
Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia
(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.
Wednesday 30 Apr 2025 / 12:00
GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena
(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.
Wednesday 30 Apr 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.