It is right that betting was legalized in 2018 and later regulated under Lula, but the claim that Lula “ended” bets is false.
Claim-by-claim breakdown
Accurate (96% confidence): Brazil legalized fixed-odds sports betting in 2018 under Michel Temer. Planalto’s text of Law 13.756/2018 states that the fixed-odds lottery/betting modality was instituted in 2018.
Accurate (72% confidence): The Bolsonaro government left betting largely without detailed regulation and supervision until 2022. The 2018 law legalized the modality, while later official materials say the sector needed further regulation and that authorization/regulation only came later.
Accurate (97% confidence): Lula’s government regulated fixed-odds betting in 2023. Official government sources and the Planalto text of Law 14.790/2023 confirm the 2023 regulation.
False (98% confidence): Lula signed a measure that ended bets in Brazil. Law 14.790/2023 regulates fixed-odds betting; official materials describe authorization, supervision, and taxation, not a ban.
Accurate (95% confidence): A Brazilian provisional measure lasts 60 days and can be extended once for another 60 days if Congress does not vote. Brazil’s Constitution provides for a 60-day validity period, extendable once for another 60 days.
Unsupported (55% confidence): Bets have already taken more than R$62 billion from Brazilian people. I found later studies reporting figures around R$62.5 billion for 2025, but the transcript does not identify the period or methodology.