Brazil gambling in ‘limbo’ after Lula wins, says Regulus Partners

The research firm argued there are now four credible options for Brazil’s gambling sector, all of which are “a lot messier” than a Flávio Bolsonaro victory Analysts at Regulus Partners said Lula’s victory will likely mean limbo for the country’s gambling sector – but that hope now lies in the provinces. President Lula’s surprise re-election yesterday (25 October) poured cold water on gambling sector hopes the Provisional Measure (PM) banning online gambling in Brazil might be reversed.