Brazil’s largest criminal organization, at center of crime-politics as elections loom
Policymakers and markets are watching a widening Banco Master fraud case as authorities unseal documents and probe Flavio Bolsonaro’s ties to the funding of the Dark Horse film. Lula must confront ongoing court turmoil while Bolsonaro faces new investigations ahead of the election.
The government has signed a provisional order banning fixed-odds sports betting and prohibiting new deposits, with a bill to criminalise the practice under consideration. The measures, announced by President Lula, come ahead of the presidential election as Brazilian households face gambling-related harms and debts.