2014 is approaching the World Cup, and the largest country in South America will soon be the biggest football event. Unfortunately, local Brazilian tourists are trying to play online.
The Legal Landscape
At the end of World War II, gambling was almost legal in Brazil. A year later, the Social Democrats came to power during Yuri Gašpar Dutra’s presidency. His party sought to step up the fight against organized crime by banning all forms of gambling except lotteries and competitions. All illegal sports betting was banned in 1941. Swedish company law is still in force. Other types of sports betting are possible, with the exception of CAIXA public service providers.
Although the law has not been repealed since the 1940s, certain measures were on the positive list. Video slot machines became very popular in the 1990s, mainly due to the rules that allowed bingo machines to host amateur sports events for teams. It is estimated that about 100,000 films were distributed in about 1,000 bingo halls. Unlike casinos, bingo halls are either legal or closed after a nine-month 2004 scandal that robbed Bingo employees.
Around the same time, online gaming began to grow. Whether or not this game team was recruited in 1946, the game site is not yet in Brazil. However, Brazilians can also play in other countries. Portuguese sites are popular with Brazilian players because they use the same language as online casinos in many other countries, as well as the Portuguese versions of these sites.
This is not at odds with the race for power. So far, three serious attempts have been made to ban the operation. The first happened in 2008 when the Brazilian parliament failed to pass a Gambling laws in Brazil similar to the US Gambling Act in the United States. A year later, the government tried to persuade Brazilian service providers to ban online casinos and foreign casinos. When he resigned in 2010, the government called for drastic changes. This time, he tried to stop credit cards and other transactions between foreigners or gaming sites, but still failed.
Brazilians have a long history of equestrian sports and are becoming increasingly popular throughout the country. The São Paulo Knight Club was founded in 1875 as the Paulistan Racing Club. The famous City Garden Club, or Hipódromo da Cidade Jardim, has four areas, including 2,119 meters of lawn. The club currently estimates that more than 1,400 horses will be racing on weekends and Mondays.
Football is also very popular thanks to a large network of teams playing in 27 regional leagues and more than 400 teams registered in the Brazilian Football Association. The football matches correspond to what the organizers of the 2014 World Cup promise.
The Future of Gambling in Brazil
The Brazilian online gaming industry is worth more than $ 265 million. If the Senate government does not reach a lasting solution, the situation is unlikely to change in the near future. As a new market, Brazil may try to enter the gambling industry, especially after the state monopoly on CAIXA regional sports betting. If landowners benefit from this monopoly, the government may question whether CAIXA’s activities can generate such revenue.