Brazil: President Lula Bans Online Betting

Nine days ahead of elections, Brazil's president enacted a ban on online gambling alongside a debt relief program.

Brazilian President Luiz Inacio Lula da Silva has announced a ban on online betting across the country. According to a report by Infobae, Lula labeled the practice a "cancer," with the decision arriving just nine days before the upcoming elections.

At the same time, as reported by Reuters, the president unveiled a government debt relief plan amid an increasingly tight reelection campaign. Comprehensive details regarding the implementation of the ban and the full scope of the financial relief measures have not yet been released.