Brazil’s Finance Ministry praises regulation but defends betting ban at Supreme Court

Opponents of the ban answered the Finance Ministry with its own data, a Caixa-based alternative and constitutional challenges as the Supreme Court hearing closed Brazil’s Ministry of Finance told the Supreme Court (STF) yesterday (3 November) that the regulated betting market it built had been “a significant advancement,” while defending the ban that overturned it. Opponents of the ban answered with the ministry’s own data, constitutional arguments and an alternative modelled on the federal lotteries run by state-owned bank Caixa.