Online Gambling Law Reviewed in Brazil

Published Monday, September 15, 2014 - Online-Casinos.com
Online Gambling Law Reviewed in Brazil

Latin America is the new frontier for international online gambling operators and Brazil is one of the markets in that region that shows amazing potential. Unfortunately the Brazilian government has been very slow in bringing about the necessary changes in the laws to accommodate the changes in gambling activity.

Prior to the 2014 FIFA World Cup in Brazil Senator Ciro Nogueira introduced a bill pertaining to  a legal federal online gambling market. The draft proposal for a regulated online gambling industry in Brazil was the first of its kind in what appears to be a long and tedious process towards that goal. Critics contend that the draft online gambling bill is faced with too many committee appraisals and third party oversights which will stall the federal review of the proposed changes. The senate processed appraisals from The Commission for Science, Technology & Innovation, The Brazilian IT & Communications Agency; The Commission for Economic Affairs and The Commission for Justice and Citizenship.

The draft online gambling bill proposes to establish a regulatory platform based on the European model for the regulation of online sports betting, casino games and poker.  Ciro Nogueira’s Bill is maintaining  that operators who seek to enter the Brazilian online betting marketplace, must have a physical presence within Brazil no matter where of the operator originates from.  Nogueira commented  that he thinks that a bill is necessary since "a prohibitive approach to gambling does not work, as the truth is that no one will ever give up playing only because that is forbidden."

Under current anti-gaming laws neither the state or customers benefit. "The current anti-gambling legislation did not stop gambling in Brazil, and today's clandestine market moves more than R$18 billion (approximately $8 billion) every year," Nogueira said. If and when the bill is approved by the Senate, it will then move on for approval by the House of Representatives before the final step of being presented to the country's president for final authorization.

 

 

 

 

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