The Ministers of Finance, Healthcare, Sports, Public Welfare, and Social Development will meet with Lula, today, to review the Bets regime’s progress towards its intended launch on 1 January 2025.
Lula seeks to address concerns following reports that beneficiaries of Bolsa Família, Brazil’s financial aid programme for poor families, had spent BRL 3bn (€500m) on betting platforms, with transactions recorded by the government’s Pix payment system.
An intervention is expected, as Lula will likely endorse the measure proposed by Febraban, the Federation of Brazilian Banks, which has called on authorities to adopt an instant ban on the use of credit cards and overdrafts for gambling transactions.
Furthermore, Lula will order the ministries to collaborate and deve..