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Topic: Regulation: Brazil closes 2000 gambling sites - page 3. (Read 1957 times)

hero member
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The issue might be that some casinos are used to avoiding paying their dues, which is why they find the requirements unfair. But they’ll probably realize that if they start losing clients to regulated casinos, they’ll have no choice but to comply and join the game.

Make sense, actually, there’s no issue with complying with the requirements if they have all the necessary documents and are willing to pay taxes. The thing is, they might prefer to lay low because compliance would expose their operations to the Brazilian government, allowing them to audit their transactions. If they’re involved in anything illegal, like money laundering, then it could bring their entire game to an end.
hero member
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I think those that have been flagged down to operate in the areas of Brazil can still file dispute or do something so that they may be allowed to operate again. I saw some known casinos that are also in the forum that are doing the process and trying to comply with all the requirements that are being asked to them and IIRC, it's only a matter of time for them to be allowed again. So, this is a regulation that everyone has to obey so that they might be able to get on it and serve their customers that are from that area too.
It’s not complicated.. there’s no need for disputes or anything. Just comply with the requirements, and they’ll be able to operate. There are already gambling sites that have been approved, so the assumption is that it’s not too hard to get approved if they apply.

The issue might be that some casinos are used to avoiding paying their dues, which is why they find the requirements unfair. But they’ll probably realize that if they start losing clients to regulated casinos, they’ll have no choice but to comply and join the game.
hero member
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Goodnight, ohh Leo!!! 🦅
Something similar happens here in Italy 10-15 years ago.
Personally, Ithink this as a big defeat and a great disaster. At least here, with the fake promo "avoid un-licensed bookmakers" or "they don't pay taxes", they create a monopole with just few actors that provide the worst odds on the market, avoid to launch global options (like exchange games), avoid new entities starts to play and many many other issues.
The only way it'll make much sense to me is if it was a prepared agenda to desolve the existing regulations, thereby replacing it with a new one for their selfish interest. Otherwise, why should the government create a monopoly in a business trend that obviously needs more resistance in accordance to the demand by the masses? They'll still try to deceive y'all by saying it'd be the only feasible way to evade the unending money laundering cases...
I'm sorry, but i assure you that the government's only interest is to collect more revenue, as it does this in all sectors of the market, not just betting.
Everything in brazil is extremely expensive because of taxes. The greatest proof of this is that even with this monstrous collection, the government ends the year with debt and inflation skyrocketing.
I find it very offensive to be told that what we practice today, the so-called democracy is the best system of government as it long became a weapon in the hands of the dictators -- like a string, connected to a puppet and controlled by a ventriloquist!
Whatever form of corruption or surge in prices of commodities doesn't happen in one country alone -- this is a universal problem and I'm not sure about their plans to reinstate, but I'm sure that the latter isn't possible at all...
hero member
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I think those that have been flagged down to operate in the areas of Brazil can still file dispute or do something so that they may be allowed to operate again. I saw some known casinos that are also in the forum that are doing the process and trying to comply with all the requirements that are being asked to them and IIRC, it's only a matter of time for them to be allowed again. So, this is a regulation that everyone has to obey so that they might be able to get on it and serve their customers that are from that area too.
hero member
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The casino can actually handle the taxes themselves and just deduct it from our winnings - simple, right? But this applies only to countries with strict laws that make gambling winnings taxable. There are guidelines for this, and it’s transparent because it’s part of the law. If we ignore it, we could get penalized or even face jail time since, as they say, "ignorance of the law excuses no one."
There are usually guides to these things, even when it happens that the country allows for such, there are guide for it and how they go about it, another is with the fact that ot will be stated in their terms and conditions and evening he gamblers will be aware and understand up to he amount they do deduct from them, probably a fixed amount or by percentages.
hero member
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Goodnight, ohh Leo!!! 🦅
What do you guys think, is it the right step? What will the government lose or gain? What will the citizens lose? Will the closed websites cooperate? Many might want to take their business elsewhere as they like to operate where the regulations are weak.
They have no choice but to accept the fate... You cannot go against the regulatory bodies/ the law enforcement agencies. I can't really tell if this is a wise step to take, but I'm sure the governs don't wanna hurt their citizens by their actions; when a country makes a compulsory call on drastic actions to reduce the level of insurgencies in particular region, it's great... But if they strike to call a STOP, it's better.... So yes, it's a good step and I guess they don't even wanna look at what they'll stand to lose. If you don't support a campaign against the corruptible practices all over the globe, why do you complain about the governments and their obnoxious policies?

By banning 2000 gambling sites, Brazill will lose lots of money. Their citizens will spend money on VPNs and make rich in foreign companies, and then they'll gamble in online casinos, spend money there and make foreign companies rich.
whatchu mean by this? Are you trying to tell us the reason why the Brazilian government decided to ban these casinos? If yes, doesn't it sound more stupid to think that they made this all up just to enrich foreign companies? What affiliation does the government have with the said companies?


hero member
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I get your point and where the little hate is coming from, but then again there is nothing wrong for a government to try to regulate the casinos that operate under their jurisdiction.

I don't think they are trying to stop their citizens from using the casino; rather, they are just trying to put them in check and also do the taxing, which is where every government doesn't joke with, and from the news that I read, they are asked to comply with the ministry of finance and make a certain amount of deposit if they want to retain or achieve a license to operate legally; the amount appears to be relatively high; I guess it's almost equal to $4.9m dollars.
I'm sorry, but i assure you that the government's only interest is to collect more revenue, as it does this in all sectors of the market, not just betting.

Everything in brazil is extremely expensive because of taxes. The greatest proof of this is that even with this monstrous collection, the government ends the year with debt and inflation skyrocketing.
sr. member
Activity: 714
Merit: 409
Look, there's nothing to comment on. It's completely absurd for the government to restrict brazilians from accessing casinos, because the government thinks it has the right to decide what each person should do with their money. We don't need a nanny state.

This is the same government that is taxing everything it sees, that is criminalizing self-custody of stablecoins, strict regulations on brazilian exchanges and taxes on cryptocurrencies... honestly, what can you expect from a government like that other than a complete disaster?

What can you expect from a government that only thinks about taxing its own nation to the point where they can't collect any more?
I get your point and where the little hate is coming from, but then again there is nothing wrong for a government to try to regulate the casinos that operate under their jurisdiction.

I don't think they are trying to stop their citizens from using the casino; rather, they are just trying to put them in check and also do the taxing, which is where every government doesn't joke with, and from the news that I read, they are asked to comply with the ministry of finance and make a certain amount of deposit if they want to retain or achieve a license to operate legally; the amount appears to be relatively high; I guess it's almost equal to $4.9m dollars.
hero member
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Duelbits - Play for Free | Win for Real
Look, there's nothing to comment on. It's completely absurd for the government to restrict brazilians from accessing casinos, because the government thinks it has the right to decide what each person should do with their money. We don't need a nanny state.

This is the same government that is taxing everything it sees, that is criminalizing self-custody of stablecoins, strict regulations on brazilian exchanges and taxes on cryptocurrencies... honestly, what can you expect from a government like that other than a complete disaster?

What can you expect from a government that only thinks about taxing its own nation to the point where they can't collect any more?
hero member
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 71 sites already approved shows that they're an interesting audience, which interests them, and more is still going to come; that's if the already approved applicants are able to meet up with the regulatory charges that they have been asked to pay before the end of 19th December, which, according to the report, only 16 companies out of the 71 have paid.
I wonder if the requirements were really that difficult, or maybe some casinos just don’t want to pay taxes, which is why they avoid registering. Or perhaps they’re relying on gamblers using VPNs to bypass restrictions. Whatever their reasons, I think the ones that have registered will enjoy a boost in income.

Gamblers value simplicity and security, and when a casino is regulated, the risk of being scammed is much lower. That peace of mind could easily attract more players.
hero member
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By banning 2000 gambling sites, Brazill will lose lots of money. Their citizens will spend money on VPNs and make rich in foreign companies, and then they'll gamble in online casinos, spend money there and make foreign companies rich.


The action doesn’t necessarily lead to a loss of money, as some of these operators aren’t even registered, meaning they aren’t paying taxes. Despite the announcement, I believe gambling is still thriving in Brazil because this move wasn’t aimed at fighting gambling addiction or similar issues.. It was done for  improving the regulation of the industry and that includes cracking down on illegal activities. And here's the result, operators that don’t comply will be shut down, while those that do can continue their operations.

Honestly, I don’t think this will significantly impact the country’s gambling industry, as the remaining legitimate casinos will still operate to meet the demands of gamblers.

https://www.france24.com/en/live-news/20241011-brazil-orders-closure-of-2-000-betting-sites
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The new rules seek to combat fraud and money laundering and protect users, by for example banning minors from betting.

"Anyone who is not regularized, or in the process of being regularized, is being taken off the air," Haddad said in a statement.

The finance ministry said it had identified 2,040 "suspicious domains" which it had asked the telecoms regulatory agency Anatel to block.
sr. member
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Quote
Rio de Janeiro (AFP) – Brazilian authorities on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling.

Source: Brazil ordered the closure of 2000 betting sites
What do you guys think, is it the right step? What will the government lose or gain? What will the citizens lose? Will the closed websites cooperate? Many might want to take their business elsewhere as they like to operate where the regulations are weak.
we cannot say if this is truly a original plan or just to make more funds from those sites as they are surely begging for reopening and that will cost them more than their operation last time.
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Do you think Brazilians would cooperate with the government? Some may think of VPNs to bypass the government's restrictions, but this might put them into trouble with casinos. I wonder how many of them know this.

why brazilians? they are not the one that will act here but just those addicted gamblers.

these gambling sites are not representing that whole brazil.

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It takes a bold step to do this and it looks like some countries are now waking up. Regulation is important in the gambling sector, it's better not to have gambling outlets at all than to have them do as they like without proper accountability and even pocket all the money without giving the government what is due to them. As for the government, the tax due is not justified if not used properly, sensitises/educates the people about gambling and protects the rights of the citizens/residents.

what i wanted to see is that the act must be dedicated and not for their own corrupt movement .
hero member
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Looks like the gambling affair overcame  the sticking point in this country. Accordingly, Brazil authority has in the mind the    development of  effective  regulations to permit gambling operations  for the relevant sites. First steps have been done already. According to  Brazil's Ministry of Finance 71 gambling apps from the pertained  companies were cleared up  given companies have to  pay the fee to receive licensees allowing them to proceed further in their online business.
This is nice now; it was foreseen from the beginning when they closed down 2000 gambling sites. If they don't, serious measures could have just been operating under their noses and making money from the citizens without the country getting anything in return and not checking and balancing them.
 
71 sites already approved shows that they're an interesting audience, which interests them, and more is still going to come; that's if the already approved applicants are able to meet up with the regulatory charges that they have been asked to pay before the end of 19th December, which, according to the report, only 16 companies out of the 71 have paid.
hero member
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You are wrong my friend, it will affect them, the higher the tax, the higher the discouragement, this is normal economics everywhere in the world.
But it won’t completely stop gamblers. There are actually countries where gambling is banned some gamblers still find ways to keep betting. I think , when gambling is part of the culture (as it is in some countries), it’s tough to break that cycle. The most a government can do is try to discourage it, but how effective is that really? They might just be pushing tax revenue away. With the popularity of online casinos, no matter what kind of restrictions are in place, there’s always a way for someone resourceful enough to gamble.
I believe that populism is the reason why Brazil banned gambling websites because in reality, this doesn't solve the problem, it worsens it. In my country, lots of people from Muslim countries come and gamble with millions of dollars, this results in more money in our economy but it's bad for their countries' economies.
By banning 2000 gambling sites, Brazill will lose lots of money. Their citizens will spend money on VPNs and make rich in foreign companies, and then they'll gamble in online casinos, spend money there and make foreign companies rich.
hero member
Activity: 714
Merit: 1298
Looks like the gambling affair overcame  the sticking point in this country. Accordingly, Brazil authority has in the mind the    development of  effective  regulations to permit gambling operations  for the relevant sites. First steps have been done already. According to  Brazil's Ministry of Finance 71 gambling apps from the pertained  companies were cleared up  given companies have to  pay the fee to receive licensees allowing them to proceed further in their online business.
sr. member
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After the Brazilian government blocked the websites, I came to test some of the betting sites that were supposedly blocked, and the result is that many are still operating and probably learned from the Twitter ban how to have an online website in a country where there was a ban. I think this block is like trying to cover the sun with a sieve, they will never be able to actually do that.
hero member
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But that needs a honest officer who can guard the tax money and distribute for their country.
That would be a problem if they’re not honest… corrupt countries have corrupt officials, so taxes don’t always go directly to the right projects; a portion often ends up in the pockets of these officials. But that’s a different matter. What we’re talking about here is taxes and their implementation. There should be a complete, clear rule for this law. As for those corrupt officials, that’s a separate issue to tackle. Even with corruption around, casinos still have to pay their taxes to stay within the law.
Yes, many countries have a corrupt officials which needs to discipline or even punished because of their mistake. But that will not easy as they can operate something illegal that other government officers doesn't know. The rule is clear but those corrupt officials know how to find the gap from the law that they already made with other government officials. They know every words from the law so they know how to manipulate it and escape from the law. It needs a clearly sight and the firmness of honest officers to want to enforce the regulations properly. The casino may pay double money for the corrupt officers to hide their illegality.
hero member
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....but instead those companies will really be just that paying a small % of the revenue directly into their pockets.
That seems impossible to pull off because, no matter how corrupt a country might be, they still need records showing they’ve collected taxes from the casinos they regulate. The closest scenario would be the casinos paying less tax than the actual amount owed, then bribing corrupt officials to avoid a government audit.

Im not against taxes as long it will really be used or applied into economic development or enhancement on which
this is really the primary purpose of taxes on which it will really be that understandable on how it works but of course it will really be that totally on how the government will be applying those laws and regulations about taxation.

Even if we're against taxation, there's really nothing we can do about it since it's the law. As they say, tax is the lifeblood of a country, and it’s a constant - there’s no country without taxes.
legendary
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But that needs a honest officer who can guard the tax money and distribute for their country.

That would be a problem if they’re not honest… corrupt countries have corrupt officials, so taxes don’t always go directly to the right projects; a portion often ends up in the pockets of these officials. But that’s a different matter. What we’re talking about here is taxes and their implementation. There should be a complete, clear rule for this law. As for those corrupt officials, that’s a separate issue to tackle. Even with corruption around, casinos still have to pay their taxes to stay within the law.
As for paying taxes then there's should really be no exemption when it comes to this because we do know on how big these businesses would really be able to make or simply with the revenue. It will really be just that depending on a certain country if it does have that corrupt officials on which they are really that being let to make those kind of operation on which does have that exemption on paying up on taxes but instead
those companies will really be just that paying a small % of the revenue directly into their pockets. Im not against taxes as long it will really be used or applied into economic development or enhancement on which
this is really the primary purpose of taxes on which it will really be that understandable on how it works but of course it will really be that totally on how the government will be applying those laws and regulations about taxation.
legendary
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But that needs a honest officer who can guard the tax money and distribute for their country.

That would be a problem if they’re not honest… corrupt countries have corrupt officials, so taxes don’t always go directly to the right projects; a portion often ends up in the pockets of these officials. But that’s a different matter. What we’re talking about here is taxes and their implementation. There should be a complete, clear rule for this law. As for those corrupt officials, that’s a separate issue to tackle. Even with corruption around, casinos still have to pay their taxes to stay within the law.
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