Lula vows to ban online betting, pledges aid for indebted families

Brazilian President Lula met with families indebted by online betting, reiterating his intention to ban the practice and promising a two-pronged approach: assistance for affected families and a crackdown on betting platforms. The move signals a policy shift toward stricter regulation, though the timeline and legislative path remain unclear. This is a domestic political development with potential economic implications for the betting sector.