Brasil: Lula criticizes betting sites and highlights fight against financial crimes

Brazil.– February 11, 2026 – www.zonadeazar.com Brazilian President Luiz Inácio Lula da Silva renewed public criticism of the expansion of online betting platforms, emphasizing the need to address financial crimes and strengthen fiscal oversight in the sector.

Overview

At an official event in Rio de Janeiro, President Lula openly questioned the rapid proliferation of online sports betting and gambling platforms, warning of their societal impact and influence in areas such as sports, advertising, and other sectors. During his remarks, he drew comparisons between these digital platforms and physical casinos, which remain prohibited in Brazil under longstanding law.

Key points from the speech

Lula expressed concern about the accessibility of online betting to broad audiences, including minors, and pointed out that betting platforms have “entered people’s homes,” affecting the way Brazilians interact with sports and media. He also praised the efforts by fiscal authorities to ensure that operators fulfill their tax obligations within the country.

Though the Central Bank plays a role in overseeing financial flows, the formal regulatory authority for the betting market is the Secretariat of Prizes and Betting (SPA), under the Ministry of Finance.

Regulatory context

Brazil’s current gambling framework includes the Law 14.790/2023, known as the “Law of Bets,” which establishes rules for fixed-odds betting and online gaming, incorporating requirements on payment methods, customer support, advertising, and safeguards against money laundering and fraud.

The growth of the online betting industry in Brazil has raised concerns about illicit practices, including potential links to financial crimes, with the number of active platforms and bettors increasing significantly in recent years.

Anticipated impact

Lula’s remarks could shape ongoing regulatory discussions and influence future policy decisions, especially around taxation, compliance, and consumer protection in the betting sector. The emphasis on combating financial crimes aligns with broader government aims to ensure greater oversight and accountability for operators.

🔗 Edited by: @_fonta www.zonadeazar.com