Read the full text of the provisional measure that ends bets in Brazil
The text takes effect immediately upon its publication in the Official Gazette of the Union
TL;DR
- President Lula published a provisional measure to end online betting operations in Brazil.
- The measure targets fixed-odds sports betting and virtual casino games, such as 'jogo do tigrinho'.
- It aims to address the growing issue of family indebtedness.
- The decree has immediate effect but requires Congressional approval within 120 days.
- Lula described the action as a 'hard and drastic necessary measure', comparing it to removing a tumor.