Lula da Silva Wins Brazil’s Presidential Election, Making the Future of iGaming Uncertain

Brazil’s Luiz Inácio Lula da Silva just won a fourth term as president, defeating rival Flavio Bolsonaro . While many celebrated this development, the gambling industry remains wary as it could mean the definitive end of the local iGaming sector. Brazil Changed Its Mind on Online Gambling Brazil legalized online gaming and betting less than two years ago, opening a new chapter for the local gaming industry. As the seventh most populous country in the world and a nation known for its passion for sports, it immediately attracted the attention of the global gaming sector.