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Flavio Bolsonaro criticizes Brazil’s betting and online casino ban, says he does not rule out bringing it back after the election
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Flavio Bolsonaro criticizes Brazil’s betting and online casino ban, says he does not rule out bringing it back after the election
Brazil’s presidential race just picked up a payments angle. Flavio Bolsonaro has criticized the current president’s decision to ban betting and online casinos and left the door open to restoring the sector after the election, which matters for PSPs, acquirers, and banks watching whether Brazil becomes a market with rules or one with reversals.
- Flavio Bolsonaro, a candidate for president of Brazil, attacked the current president’s decision to ban betting and online casinos.
- He also did not rule out bringing betting back after the election, which keeps the regulatory outlook for the sector open rather than settled.
- For high-risk payment providers, that means Brazil remains a jurisdiction where access to the market can turn on election outcomes, not just licensing papers and compliance checklists.
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