No Credit or Debit Cards for Brazilian Online Sports Betting

Published Monday, July 11, 2011 -

Laws in Brazil prohibit all gambling activities but legal experts are debating on whether or not these laws apply to online gambling. The Brazilian government does not grant gambling licenses so there are currently no gambling websites based in Brazil. Recently,the Brazilian government introduced legislation that bans real money transactions made on online gambling sites, following the example of the Unlawful Internet Gambling Enforcement Act of the United States.

It remains to be seen whether this legislation will deter many Brazilians from gambling online. The Brazilian people are passionate about their past times and gambling is one of them. Brazilians find ways to punt online sports venues that are offshore sites with Portuguese translation.
It appears that now the Brazilian government has created the first measure to totally ban betting on sports via the Internet. The new legislation to prohibit online sports betting changes the rules for the use of credit and debit cards for online wagers. The rule approved by the congressional committee says the Brazilian people will no longer be able to use their cards to place bets online.

Deputy Valdivino de Oliveira, bill number PL 57/2011 sponsor spoke to the committee saying, “Games of chance in Brazil are prohibited under Brazilian legislation; however, there is an omission for games of chance that are offered online,” Continuing, “This legislation would comprehensively correct that omission in Brazilian law, including by preventing credit card operators from allowing deposit transactions and payments to be made through credit or debit cards.”
It appears that the measure is an attempt to create a better monopoly for the state run Caixa Economica.  An exemption for “federal sports lotteries” and other games offered by Caixa Economica was written into the proposed legislation in anticipation perhaps of the biggest soccer tournament on the planet the World Cup coming to Brazil in three years. The state run company has started to investigate other international sports betting markets and online offerings in hopes of a launch before 2014.


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