😱 Brazil 🇧🇷: Vice President Proposes Total Ban on Gambling “If Regulation Fails”

😱 Brazil 🇧🇷: Vice President Proposes Total Ban on Gambling “If Regulation Fails”

The controversy over the gambling industry in Brazil is intensifying. Last Monday, over 2,000 websites were blocked, and the previous week, advertising for betting companies was banned on football team uniforms. However, the government acknowledges that these steps are insufficient to tackle Brazil's deep-rooted gambling culture.

➡️ In a televised interview, Vice President Geraldo Alckmin stated that since operators continue to flout regulations and people are using government subsidies for gambling, a total ban might be the best solution. However, the government will wait to assess the impact of the new regulations, set to take full effect on January 1, 2025.

➡️ A single spark can start a fire: This month, Brazil’s Attorney General's Office (AGU) has already proposed declaring Law 13.756/2018 unconstitutional. This law currently permits fixed-odds betting.

➡️ Industry leaders are concerned. While they support the introduction of a national player registry, which will require biometric verification (facial scans) and an income declaration, they oppose the proposed elimination of incentive bonuses.

#news #Brazil #betting #debate

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