Lula hosts senior ministers meeting to fix Bets vulnerabilities
President Inácio Lula da Silva will host a meeting of senior ministers to address outstanding concerns regarding the launch of the Bets regime, the federal framework to regulate fixed-odds betting and online gambling in Brazil.
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..