Brazil will not refund license fees to bookmakers, Brazil's finance minister Dario Durigan said at a press conference in Sao Paulo on Friday. The government has assessed the impact of the gambling ban on various industries. The government will open a dialogue with soccer clubs and football associations about their debts. Brazil's Minister of Planning Bruno Moretti said that the “Brazilian Debt Relief Plan 3.0” will acquire and restructure residents' debts from financial institutions, and the plan will have an impact on the basic budget. The government will rebalance spending and include debt buyouts in the budget arrangement.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.