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As Debt Crushes Voters, Lula Paints Online Gambling as Villain
Source: Bloomberg
Elections & Domestic PoliticsRegulation & LegislationConsumer Demand & Retail
President Luiz Inácio Lula da Silva has made opposition to online gambling a recurring campaign issue as he seeks another term, arguing that betting drains household budgets. The rhetoric signals potential regulatory pressure on Brazil’s online-gambling sector and highlights concern that gambling is diverting spending away from broader consumer consumption.
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