Lula Rules Out a Return of Betting Three Days Before Brazil’s Runoff

Lula said that “betting will not return” to Brazil, three days before the October 25 presidential runoff in which he seeks re-election for the Workers’ Party (PT). He spoke in a YouTube live broadcast with federal deputy André Janones and personal-finance influencer Nath Finanças. The Supreme Federal Court and Congress have yet to decide on his ban. Lula said he decided to act after meeting indebted young people at the Palácio da Alvorada, the presidential residence, some of them owing between R$4,000 and R$24,000. He cited reports of people who tried to take their own lives over betting losses.