Fux defends banning betting and counters criticism of the public hearing at the STF
Rapporteur of the actions against the Bets MP rejects the criticism that only companies and football clubs were summoned.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 2 MIN
On Tuesday, 3rd, Minister Fux spoke out in favor of banning online betting. As rapporteur, he leads the processes in the STF that question the MP that vetoes bets. Later that day, he responded to objections made to the selection of who would be heard at the public hearing held in Brasília. According to Revista Oeste, the protests came mainly from social media and appeared before the meeting.
According to InfoMoney, Fux had not expressed this view before because the judgment on gambling was blocked due to a request for a review from Minister Flávio Dino. According to Fux himself, this request has not yet returned to the agenda. Estadão reported that the rapporteur needs to take the elements that emerged after the publication of the MP to ten other ministers.
As for who was called, Revista Oeste reported that Fux approved, by majority, the presence of associations of companies in the sector and football clubs, all of which were against the ban. The guest list also includes a body representing the supermarket segment.
According to Fux, it is unfounded to say that the call was limited to companies and football teams. As motivation for the debate, he cited news about an increase in food consumption after the ban on betting, according to the same publication.
The case is still far from an outcome. As the final decision depends on the STF plenary, the rapporteur's vote needs to be passed by the other ministers, and the request for review that halts the judgment on gambling has not yet been returned.
What changes for the investor
For those who follow the online betting sector, the main factor at the moment is regulatory uncertainty. A possible ban would change the business environment for companies in the segment, while maintaining the rules would preserve the current scenario, still subject to review. For now, what matters is the trial calendar and the content of the final decision, and not the speeches made at the hearing. There is no way to estimate the effect on prices based on these statements, and it is worth monitoring the return of the request for review and the plenary agenda.
Automatically translated from Portuguese.
