Gamblers Pay 400% Loan Rates to Fund Betting Frenzy in Brazil.

The article discusses the rise of gambling addiction in Brazil, particularly among lower-income individuals, following the legalization of online betting platforms. Policymakers are alarmed by the increasing number of Brazilians, including those living below the poverty line, who are accumulating debt to finance their gambling habits. The government is taking steps to regulate the industry, including banning the use of credit cards for betting and monitoring excessive gambling behavior. The story follows the experience of a young woman, Beatriz Azevedo dos Santos, who fell into a cycle of debt due to her gambling addiction, highlighting the devastating impact of unregulated gambling on vulnerable populations in Brazil. [Extracted from the article]