{"id":94,"date":"2024-06-13T23:34:31","date_gmt":"2024-06-13T20:34:31","guid":{"rendered":"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/13\/brazil-greenlights-online-gambling-a-new-era-of-regulation-and-revenue\/"},"modified":"2024-06-17T13:24:16","modified_gmt":"2024-06-17T10:24:16","slug":"brazil-greenlights-online-gambling-a-new-era-of-regulation-and-revenue","status":"publish","type":"post","link":"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/13\/brazil-greenlights-online-gambling-a-new-era-of-regulation-and-revenue\/","title":{"rendered":"Brazil Greenlights Online Gambling: A New Era of Regulation and Revenue"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/iWIzqbkGRTs\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Chamber of Deputies in Brazil has approved legislation to oversee internet gambling, encompassing sports wagering and other forms of digital betting.<\/p>\n<p>This legislative measure, which has been progressing through the governmental process, gained approval in the latter part of 2023. It sets the stage for the establishment of a regulated online gambling sector, potentially launching as soon as 2024, contingent upon presidential endorsement. Although the bill initially passed earlier this year, the Senate returned it to the House for an additional vote due to certain apprehensions.<\/p>\n<p>A primary point of contention revolved around the inclusion of virtual casinos in the legislation. The Senate voted to exclude them, but the House ultimately reversed that determination, choosing to encompass a wider spectrum of online gambling pursuits.<\/p>\n<p>Following months of deliberation, the final iteration of the bill incorporates stipulations for the taxation of both gambling enterprises and individuals, along with regulations dictating which entities can secure licenses. Initial indications suggest that businesses will retain 88% of their overall earnings, with the remaining 12% allocated to education, public security, athletics, and other designated areas.<\/p>\n<p>The decision has elicited a range of responses.  Detractors, such as Congressman Eli Borges, contend that legalizing gambling is detrimental and will result in heightened engagement, particularly among younger demographics.<\/p>\n<p>Conversely, House Speaker Arthur Lira advocated for the shift towards regulation. He posited that unregulated platforms are already operational and necessitate oversight. In his perspective, individuals are already engaging in online gambling, placing wagers, and providing financial backing to teams and events. This bill simply endeavors to establish a more secure and regulated framework for these activities. <\/p>\n<p>Representative Adolfo Viana advocates for this fresh legislation, asserting its necessity in establishing a distinct regulatory structure for internet gaming sites nationwide. He emphasizes that, in its absence, these businesses function in an ambiguous legal zone, circumventing taxation and leaving all parties susceptible. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chamber of Deputies in Brazil has approved legislation to oversee internet gambling, encompassing sports wagering and other forms of digital betting. This legislative measure, which has been progressing through the governmental process, gained approval in the latter part of 2023. It sets the stage for the establishment of a regulated online gambling sector, potentially [&hellip;]<\/p>\n","protected":false},"author":98,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil Greenlights Online Gambling: Sports Betting &amp; More<\/title>\n<meta name=\"description\" content=\"The Chamber of Deputies in Brazil gives the thumbs up to online gambling! Get ready for a new era of sports betting and digital gaming as early as 2024. Find out what this means for you!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/13\/brazil-greenlights-online-gambling-a-new-era-of-regulation-and-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil Greenlights Online Gambling: A New Era of Regulation and Revenue\" \/>\n<meta property=\"og:description\" content=\"The Chamber of Deputies in Brazil gives the thumbs up to online gambling! Get ready for a new era of sports betting and digital gaming as early as 2024. 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