‘Betting Won’t Come Back’: Lula’s Upset Win Keeps Brazil’s Ban On

Brazil’s close-fought presidential runoff ended with a surprise win of incumbent Luiz Inácio Lula da Silva on the same day the nation’s 85 sports betting and online casino licenses lapsed. Three days earlier, Lula said betting would not come back, suggesting his government’s newly hostile policies against the industry will stay in place. Betting […]
Key Takeaways
- Brazil’s close-fought presidential runoff ended with a surprise win of incumbent Luiz Inácio Lula da Silva on the same day the nation’s 85 sports betting and online casino licenses lapsed.
- Three days earlier, Lula said betting would not come back, suggesting his government’s newly hostile policies against the industry will stay in place.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’
The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.

Justin Sun Prize Partners With MathDB, Led by Caltech Professor Tony Yue Yu, on 50-Problem Pilot
Geneva, Switzerland — October 26, 2026 — The Office of Justin Sun today announced a pilot program for the Justin Sun Prize in collaboration with MathDB, a mathematical research platform developed by Caltech Professor Tony Yue Yu and his team. The Justin Sun…

South Korea lawmakers mull pushing crypto tax implementation to 2029
The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.