News

Brazil: Espírito Santo Governor bans betting ads in public spaces

Governor Ricardo Ferraço has signed a decree banning gambling, lottery and betting advertising on public property in Espírito Santo.

· 1 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
Brazil
Key Points
Governor Ricardo Ferraço signed a decree banning gambling and betting ads in public spaces in Espírito Santo
At least 12 betting-related proposals are pending in the state legislature, alongside bills in city councils across seven of the state's ten largest cities

Governor Ricardo Ferraço (MDB) announced that he signed a decree banning advertising for games, lotteries and betting platforms in public spaces across Espírito Santo.

Details of how the restrictions were defined in the legal text still remain unclear. 

"A measure to stop people from losing money on betting that their families often need. In our government, we will always defend and protect our greatest asset: the wellbeing of the people of Espírito Santo," Ferraço wrote.

There are currently 12 betting-related proposals in the state legislature, along with bills introduced in city councils in at least seven of Espírito Santo's ten largest cities. 

The decree also lands amid local controversy over Banestes, the state-owned Bank of Espírito Santo, which announced last October it had selected Argentine consortium World Lottery to operate its own online betting platform, expected to launch this year. 

The announcement drew criticism from the Espírito Santo Bank Workers' Union. 

"Banestes' betting platform goes against the state-owned bank's social role. It was created to foster the growth of the state's economy, and cannot become a promoter of household debt," said union leader Vanessa Espíndula.

Recently, Brazil's Government introduced a package of advertising restrictions for licensed operators, requiring all ads to display one of three official warnings: "Betting can cause addiction," "Betting makes you lose money," or "Betting is not an investment."

States and municipalities across Brazil have increasingly adopted decrees or bills restricting betting advertising in public spaces. 

Good to know

Rio de Janeiro has banned betting advertising from public spaces, extending the restriction to municipal events, government campaigns and any advertising displayed on public property

Reaction Board

News Analysis

View All
DraftKings Sportsbook

DraftKings stock down 27%: Why CEO is defending high predictions spend

During DraftKings' quarterly earnings call, Jason Robins emphasized "discipline and efficiency," coupled with a quick return on the operator's predictions investment with the operator #3 in the market. All with a July 2028 Supreme Court date in mind...

7 min read • • By Tim Poole
GammaSweep Interview: Compliance 2

GammaSweep: Why operators need a more proactive approach to compliance

Gaming firms need to incorporate compliance into their foundation, rather than responding to regulatory changes when they arise.

9 min read • • By Patrick Fasolis
Midterms Predictions Analysis

Have the US Midterm Elections flipped the script on prediction markets?

Following the results of the Midterm Elections and a recent denial witnessed by Kalshi in Nevada, prediction markets could be headed for a final stand-off for their regulatory freedom.

7 min read • • By Kirk Geller

In The News

View All