Fux points out new data on bets in a hearing at the STF and becomes the target of criticism from the government

On Tuesday (3), the Federal Supreme Court held a public hearing on the ban on betting. According to Estadão, Minister Fux brought different data to the meeting than those presented at the 2024 hearing, but, in his assessment, these data do not conflict with the previous ones.

The session was long. The exhibitions lasted almost 10 hours, and Fux considered the meeting successful. The minister's reading, however, was not shared by everyone outside the court.

Fux began to be criticized by Lula and government supporters on social media. According to Estadão, the reason is the greater presence of entities in favor of betting on the list of participants. Janja da Silva attended the hearing in the morning and delivered a report to the minister.

The Federal Attorney General's Office also participated in the debate. Jorge Messias, from AGU, spoke at Tuesday's hearing and maintained that legalizing betting does not solve the problem of the clandestine market, according to Diário do Poder.

Fux intends to take the criticism received to his STF colleagues, if they are asked to decide the topic. In other words, the hearing does not end the discussion, and the final decision still depends on the vote of the other ministers.

What changes for the investor

For those who follow the stock market and interest rates, the main effect is legal security. The Supreme Court's definition of betting will determine the regulatory environment in which companies in the sector operate, and until the issue is decided, the regulatory risk remains open. AGU's argument that legalization does not eliminate the underground market is a point worth noting, because it helps to show whether the discussion tends to move towards stricter rules or a regulated market model. This text does not provide a purchase or sale recommendation.

Automatically translated from Portuguese.