President Lula repeats wish to shut down bookmakers in Brazil

Summary

Brazilian president Luiz Inácio Lula da Silva told morning-TV hosts on ICL News that, if it were up to him, he would close all bookmakers in the country, criticising what he called an “unbridled” betting industry. The remarks reiterate Lula’s growing opposition to gambling and follow earlier measures: he signed Bill PL 2626/2023 (which legalised online sports betting) but used a partial veto, removed some tax exemptions and approved a phased tax rise that will see operators face a 15% rate by 2028.

The comments arrive in an election year — Lula has signalled a desire to run again — and he framed the issue as both a social and financial problem, rejecting the industry’s claim that betting is necessary to fund football. Industry leaders have pushed back, warning the president’s rhetoric risks regulatory reversals and commercial harm if his stance becomes policy.

Key Points

Lula told ICL News he would shut down all bookmakers if he could, calling the sector “unbridled.”
He has previously criticised rapid online gambling growth and its social and financial impacts.
Although Lula signed the 2023 betting bill into law, he used partial vetoes and removed some tax breaks.
A phased tax increase was approved, taking operator tax to 15% by 2028.
Comments come in 2026 — an election year — signalling possible campaign positioning and future policy moves.
Industry figures have already reacted negatively, fearing tighter regulation or further restrictions if Lula is re-elected.

Context and relevance

This story matters to operators, investors, regulators and anyone with exposure to Brazil’s betting market. Lula’s rhetoric has hardened over time: he backed legalisation with caveats but is now publicly questioning the sector’s place in Brazilian society. Given the election cycle, his statements could presage further tax or regulatory changes, or even attempts to restrict operations more severely. For companies operating in Brazil or considering market entry, the piece signals political risk and the need to monitor policy and electoral developments closely.

Author style

Punchy: this isn’t just commentary — it’s a clear warning shot. Lula’s escalation from tinkering with tax and vetoes to openly calling for closures raises the stakes for the industry and investors. If you’re connected to Brazil’s betting market, read the detail: it’s potentially game-changing.

Why should I read this?

Short and plain: Lula’s stepped-up attacks could mean higher taxes, tighter regulation or even outright closures if he wins again. If you work in iGaming, betting, or invest in LatAm markets, this directly affects revenue, compliance and strategy — so yes, pay attention.