Brazil mulls ban on sports betting ...News

President Lula da Silva has called for action to prevent gambling from turning into a ‘disease’ Brazilian President Lula da Silva has pledged to ban online sports betting if recently introduced regulations fail to curb the nation’s “addiction” and the problems associated with it. The soccer-loving South American country has experienced a gambling surge since online sports bets were legalized in 2018 as a new form of lottery. Recent studies indicate that gambling negatively affects household incomes, placing bettors in permanent debt and bankrupting families. The gambling frenzy is also believed to have attributed

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Brazil mulls ban on sports betting ...News

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