Free VPS Trial, no credit card required
Learn More
NetShop logo

Home

Blog

Brazil might become the largest regulate...

Brazil might become the largest regulated gambling territory

Brazil might become the largest regulated gambling territory

Published on April 18, 2017

Latin America has been drawing attention as a region where gambling may be an undoubtedly profitable industry. There are more and more discussions about how to adopt gambling friendly regulations and open the market to operators and developers from around the world.

Brazil is emerging as a country where legislators seem to have recognised the importance and usefulness of a regulated gambling environment. Currently, gambling in Brazil is not considered to be legal. However, for almost a quarter of a century now lawmakers in the country have been trying to legalise some forms of gambling. Further, they are working on establishing gambling law and regulatory framework so the ban would be eliminated entirely.

Both chambers of Brazil’s bicameral legislative association (the National Congress) have been discussing legislative proposals that would help legalise various forms of gambling, such as sports betting and online betting within the borders of the country.

Brazil has been described as the “sleeping giant” because of its high potential of becoming one of the biggest regulated markets in the world. However, despite of gambling being illegal, the country is already big on it. According to Brazilian Legal Gaming Institute reports, gambling generates almost R$20 billion every year.

If all the chambers of the National Congress in Brazil pass the PLS 186/2014, the bill will create the regulatory framework for the operation, taxation, and regulation of gambling in Brazil. Further, such framework would also enable responsible bodies to combat corruption and money laundering.

If the proposed bill is passed, Brazil could become the biggest regulated gambling field in the world.

Recent Posts

How to Choose an Online Casino Software Provider In 2021

How to Choose an Online Casino Software Provider In 2021

January 27, 2021

Dr Carl Brincat Appointed as the new CEO of Malta Gaming Authority (MGA)

Dr Carl Brincat Appointed as the new CEO of Malta Gaming Authority (MGA)

January 26, 2021

NetShop ISP Announces the Availability of IT-as-a-Service (ITaaS) Solution

NetShop ISP Announces the Availability of IT-as-a-Service (ITaaS) Solution

January 26, 2021

Why Two-factor Authentication (2FA) is Important in Cyber Protection for Businesses

Why Two-factor Authentication (2FA) is Important in Cyber Protection for Businesses

January 25, 2021

Do I need an SSL Certificate for my website?

Do I need an SSL Certificate for my website?

January 22, 2021