Brazil’s president signed a temporary law banning sports betting and online casinos

Brazil now has a temporary legal ban on sports betting and online casinos, after the president signed the measure. For PSPs, acquirers, and banks, that is the part that matters: if you touch this market, the rule change can turn a live flow into a compliance problem very quickly.

1. The law was signed by Brazil’s president and is described as temporary.
2. It covers sports betting and online casinos, both of which are core high-risk verticals for payment providers.
3. No further details were provided in the source about the scope, duration, implementation timeline, or enforcement mechanics.