SÁB 5 DE OCTUBRE DE 2024 - 09:47hs.
Finance Ministry works on final adjustments

Lula to announce a package of restrictions for ‘Bets’ on national radio and TV network

The betting epidemic has reached such a point that the Planalto is considering having President Lula make the package public on a national radio and TV network. The Ministry of Finance is working on the final adjustments, with the help of the Ministries of Health and Social Development. The plans include a ban on the use of credit cards and Bolsa Família cards to pay for bets and, also, the obligation to display so-called responsible advertising in betting commercials.

Lula will enter the scene in the controversy over betting, proving that the government's discomfort with the issue has somehow led him to intervene directly in the matter. This week, he will announce a package of measures focused on the mental health of bettors and on restricting advertising by “Bets’ , as online betting houses are called in Brazil.

The Ministry of Finance is working on the final adjustments of what will be announced — with the help of the Ministries of Health and Social Development on some topics.

The plans include a ban on the use of credit cards and Bolsa Família cards to pay for bets; and also the obligation to display so-called responsible advertising in betting commercials (which includes not allowing, for example, advertising campaigns suggesting that bettors can become millionaires with these bets).

Lula is not expected to announce these measures this week by chance. The reason is that as of Tuesday, October 1, only the 113 betting companies that have requested authorization to operate in Brazil will be able to continue operating.

In about 30 days, the government will analyze the requests. Those that pass the test will have to pay R$30 million to remain in the market.

The other approximately 500 betting companies that the government estimates exist will have to cease their activities as of this Tuesday (1).

Source: O Globo