Brazil’s Finance Ministry is preparing new betting restrictions that would prevent participants in debt renegotiation programs from registering on fixed-odds betting platforms for six months.
Finance Minister Dario Durigan said Monday that negotiations with banks had been completed and that the Desenrola 2.0 program would be submitted to President Luiz Inácio Lula da Silva on Tuesday.
The program is expected to be launched on May 1, Labor Day, with a focus on facilitating negotiations between debtors and creditors and reducing the number of families whose income is heavily committed to debt repayment.
The proposed betting barrier is aimed at individuals who enter debt renegotiation programs, including Desenrola 2. Under…