Brazil Supreme Court sets Nov. 3 hearing on gambling ban, no stay decision yet

Brazil Supreme Court Justice Luiz Fux will hold a public hearing on Nov. 3 over the ban on sports betting and online casinos, with no ruling yet on whether the measure will be suspended. The hearing is scheduled for 10 a.m. local time and will focus on the ban’s economic impact. The restriction took effect on Oct. 25, invalidating 85 gambling licenses in Brazil. On the same day, President Luiz Inácio Lula da Silva won re-election, while gambling industry group ANJL called for talks with the government to resume. A total of 26 participants are set to attend the hearing, including parties to the case, government agencies, football clubs and industry groups, though individual betting operators were not invited. Congress was originally required to vote on the provisional measure by Nov. 23, with the deadline eligible for one extension of up to 60 days, according to Bitcoin.com News.