Brazil's Lula to Ban All Bets, Offer Credit Line to Football Clubs

Brazil's government is preparing an executive order to ban all betting activities and establish a subsidized credit line for football clubs, which fear losing about R$1 billion annually in sponsorships. The move, reported by InfoMoney citing sources, marks a policy reversal from the current regulated betting framework. If enacted, it would disrupt a growing industry and require fiscal outlay, with details and timing still unconfirmed.