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Lula Bans Sports Betting Ahead of Election in Shock Policy Reversal, Imperiling R$5 Billion in Projected Tax Revenue
Politics• 3h ago

Lula Bans Sports Betting Ahead of Election in Shock Policy Reversal, Imperiling R$5 Billion in Projected Tax Revenue

Brazilian President Lula signed an executive order banning online betting, costing the federal government billions and upending a key policy ahead of his tight re-election bid.