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Gamblers pay 400% loan rates to fund betting frenzy in Brazil

Gamblers pay 400% loan rates to fund betting frenzy in Brazil

At the headquarters of the United Nations, surrounded by leaders of countries across the globe, Brazil President Luiz Inacio Lula da Silva launched into a tirade about the evils of gambling.It was an odd topic to raise at the UN’s annual September meetings, especially because this panel had been con

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Online gaming in Brazil: new warning from Lula da Silva about the effectiveness of Law 14.790

Online gaming in Brazil: new warning from Lula da Silva about the effectiveness of Law 14.790

The Brazilian president explained that he will backtrack on the regulation if it is observed that it does not yield the expected results.Brazil.- President Luiz Inácio Lula da Silva stated that if the regulation of sports betting companies does not produce the expected results, the government will b

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Parliamentary Debate: Proposals Presented to Limit the Use of Credit Cards for Gambling in Brazil

Parliamentary Debate: Proposals Presented to Limit the Use of Credit Cards for Gambling in Brazil

After the government decided, for now, not to impose any restrictions, the matter will be debated in the Legislative Power.Brazil.- Although the federal government of Lula da Silva was cautious about banning the use of the Bolsa Família card for gambling, fearing that the measure could be seen as di

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Official warning: Lula da Silva will ban gambling if regulation is not effective in eradicating problem gambling.

Official warning: Lula da Silva will ban gambling if regulation is not effective in eradicating problem gambling.

The Brazilian president expressed his concern for citizens who use social assistance money to gamble. Payment media controls will be a key point.Brazil.- The President of Brazil, Luiz Inácio Lula da Silva said he will ban online betting if regulation does not reverse the "addiction" of gamblers. The

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Betting restrictions: Lula da Silva could make a national broadcast to announce a package of measures

Betting restrictions: Lula da Silva could make a national broadcast to announce a package of measures

The government seeks to launch initiatives aimed at protecting gamblers and preventing problematic gambling and excessive spending, especially among the population receiving social assistance.Brazil.- At the Planalto Palace, headquarters of the Brazilian Executive Power, the need to carry out a nati

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Online gaming in Brazil: Lula da Silva warned of the need for measures to prevent the indebtedness of the poorest sectors.

Online gaming in Brazil: Lula da Silva warned of the need for measures to prevent the indebtedness of the poorest sectors.

In his speech before the United Nations General Assembly, the Brazilian president emphasized the need to work towards building a better regulated and safer market for bettors.Brazil.- Within the framework of the United Nations General Assembly (UN), Brazilian President Luiz Inácio Lula da Silva addr

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