Brazilian President Luiz Inácio Lula da Silva has signed an executive order banning online gambling to address household debt and gambling addiction. The measure was implemented days before the first round of the presidential election on October 4, where Lula faces Bolsonaro, and requires congressional approval within 120 days. It is part of a broader debt-relief plan for Brazilian households facing financial pressures. Prediction markets indicate a decrease in the probability of Lula securing the most votes in the first round, suggesting a potentially negative impact on his campaign. Polls show Lula leading narrowly in most surveys, but the contentious policy could sway undecided voters.
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