Lula bans fixed-odds betting ahead of Brazil election
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Event Brief

Lula bans fixed-odds betting ahead of Brazil election

Filed: Sep 26, 2026 at 12:06 PM ET
Summary: Brazil’s President Luiz Inácio Lula da Silva signed an order banning fixed-odds betting just over a week before the first round of the presidential election. Lula said the measure is meant to address families falling into debt.
WHO: Brazil’s President Luiz Inácio Lula da Silva
WHAT: Signed an order banning fixed-odds betting
WHEN: Sep 25, 2026
WHERE: Brazil
WHY: To tackle the problem of families falling into debt.

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