Lula’s Election Win Places iGaming Legislation Squarely in Congress’s Hands

Brazilian President Luiz Inácio Lula da Silva has secured an unprecedented fourth term in office, defeating right-wing Senator Flávio Bolsonaro in a tightly contested runoff that concluded over the weekend. With more than 99 percent of ballots counted, the 81-year-old leftist clinched roughly 51.8 percent of the vote to his rival’s 48.2 percent – a margin of nearly 4.4 million votes – after trailing in first-round polling earlier this month. The result caps a dramatic comeback and marks a pivotal moment for Latin America’s largest economy, with immediate implications for investors, commodity traders, and multinational firms with Brazilian exposure.

Source: iGaming Post