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What the president does not acknowledge is that the government relies on revenue from the sector. In just the first seven months of 2026, BRL8.747 billion generated by sports betting has already flowed into public coffers. The Federal Revenue Service estimates the total could reach BRL16 billion by the end of the year. In 2025, nearly BRL9 billion was collected from sportsbooks.
The burning question is where such funds will come from if Lula shuts down the betting industry. Yet, no one points out to him that players will simply migrate to the illegal market. Betting will continue to exist, but without formal tax revenue, oversight or player protections.
It will be up to the government to effectively curb the illegal market so the regulated sector continues to generate taxes and jobs while upholding responsible gambling practices. By riding the wave of criticism against betting companies, the government is diverting attention from the true cause of household indebtedness.
About Canales Rivera La Feria De Abril
The operator declined to comment on losing its spot in the FTSE 100, but recent sentiment from the senior management team has been positive in recent quarters as its turnaround efforts have shown green shoots amid growth returning to its core markets. This is despite various regulatory and tax headwinds across Europe.
In Q1 2025, the group reported double-digit digital growth, thanks to strong UK, Brazil and US online performances. The period marked Stella David’s first quarter in the full-time group CEO role.
David, at the time, said she was “optimistic but prudent” about Entain’s Q1 performance.
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The space is full of shills and promoters, people who are so invested in the price of a coin, they just want people buy more coins, make the price go up and ensure they get their Lambo.
The price of a coin is a shiny paintjob, it looks impressive and it earns tons of media coverage but there is so much more to Bitcoin, at least Bitcoin SV that gets lost in the hype surrounding the digital gold rush narrative. Bitcoin SV is an incredible technology that can solve some problems and create new opportunities for you and your gambling business.
Again, I don’t want to make this a sales job, I’m sure you’ve had plenty of salesmen make their “buy more and hold it” pitch.