World News@lemmy.worldEnglish · 1 day ago

Brazil President bans online gambling

www.bbc.com

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Brazil President bans online gambling

www.bbc.com

Jonawan@lemmy.zip to

World News@lemmy.worldEnglish · 1 day ago

157

cross-posted to:
[email protected]

Brazil's Lula bans online gambling ahead of presidential election

www.bbc.com

Lula, who is currently in a tight presidential race against Flávio Bolsonaro, said the industry was a "cancer" that he must "remove".

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16 hours ago
From the buyers point of view it reduces risk, so it is not gambling for them.

However it is gambling from the point of view of the underwriters.

(I am assuming both sides play fair and pay out when they should)

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