Dario Durigan

Stories

Lula bans online betting in Brazil, reversing 2023 legalization

Overseeing refunds and payment blocks; reports daily betting flows 'practically eliminated'

Brazil's betting sites have stayed offline since October 6. Supreme Court Justice Luiz Fux suspended every lower-court lawsuit against the ban on November 9, saying conflicting rulings were creating legal uncertainty.

Updated Yesterday

Brazil inflation tops central bank target before presidential runoff

Money Moves

Said on November 5 that Lula would decide on potential fiscal measures after returning from a trip ending November 15

The Central Bank of Brazil held the Selic at 13.75% on November 4, ending a run of five straight cuts. It raised its inflation forecasts to 5.6% for 2026 and 4.7% for 2027, and said the outlook required caution.

Updated 4 days ago