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Lula's surprise online betting ban could strip clubs of $191M in sponsorships, risking insolvency ahead of Oct. 4 vote.
Brazil bans fixed-odds betting and betting sponsorships from 6 October, putting FURIA's BetBoom deal and other esports partnerships at risk.
Brazil’s government abruptly banned online betting ahead of the Oct. 4 election, aiming to curb family debt, jeopardizing about $191 million in annual sponsorship revenue for soccer clubs and reversing prior legalization and regulation.