The announcement that the Brazilian government is introducing a ban on online gambling, among other things, is hitting Swedish gaming company Better Collective. The company is now lowering its full-year forecast for 2026-28 and canceling a previously launched share buyback program.
The background is that the Brazilian government and President Lula da Silva, ahead of the country's presidential election, have chosen to introduce a provisional measure that entails a nationwide ban on both sports betting and online gambling.
The ban must be approved by the Brazilian Congress to take effect, but will initially be valid for 60 days.
TT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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