Regulation: Brazil closes 2000 gambling sites

Wexnident

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Quote from: EarnOnVictor on Today at 06:18:05 AM

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It depends on what regulations they're looking for. If they simply wanted to reduce the amount of casinos that are available for their citizens, then yeah sounds pretty good as a regulation. I mean it clearly doesn't make sense to h ave over 2000 betting sites, sounds weird.

Now if regulation means banning, I always said and will always do that banning something isn't the right step if you want to regulate it. Rather do what my initial thought above, control. Manage. It's a lot easier to handle something if it's under your eyes. Banning something would inevitably lead to illegal ones popping out after all.

Charles-Tim

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Quote from: EarnOnVictor on Today at 06:18:05 AM

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.

Some of the gambling sites are not operational in the country. Example are those that accepts cryptocurrencies. All gambling sites that support cryptocurrencies are affected. I mean all the gambling sites that have announcement thread on this forum are all affected.

The reason for the government action is because most Brazilians are gamblers. Many that receive support from government are using the money for gambling. If there are still gamblng sites that are licensed to operate in Brazil, I do not see any difference because those people will still continue to gamble.

Majestic-milf

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Quote from: lovesmayfamilis on Today at 06:51:08 AM

Moreover, every fourth person who received financial assistance becomes an addicted gambler and loses everything, right down to the contents of the refrigerator.

Brazilians are chronic gamblers like you avidly observed and I feel its only someone who has self control that would curb his/her need to gamble. I've never seen where desperation helps anyone make good choices especially when it comes to gambling.

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Maybe the way out of this impasse would be to better ensure the standard of living of people so that they do not place their hopes on casinos but are provided with a guaranteed decent job and, of course, a salary.

You said it in your third line that they are such obsessive gamblers and as such those kind won't know how to keep money in even though their standard of living is improved or not. I feel why the government closed down those 2000 gambling sites is to curb such unhealthy lifestyle to see if they can reduce the dangers gambling is causing on its citizens. Most people don't really understand the meaning of "responsible gambling" so sometimes force is required.

mirakal

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If this is done for the welfare of the citizens, especially for the minors that can be easily tempted to gamble and believed to make instant money, then I should say this is a good movement of the Brazilian government. It’s not what the government to gain that matters, but what the citizens are going to lose if these 2040 suspicious domains will continue to promote fraud and money laundering that will definitely leave a huge negative impact to the Brazilian gamblers, most particularly for those minors who are now quickly attached to the online casinos that have been operating not being regularized.

lovesmayfamilis

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I looked for information; maybe the whole reason for the closure of so many casinos in Brazil is that according to statistics, every ninth Brazilian plays in a casino. Moreover, every fourth person who received financial assistance becomes an addicted gambler and loses everything, right down to the contents of the refrigerator. These are truly threatening numbers.
I would begin to respect such a government that wants to protect its population. But yes, I know that forcibly explaining something to someone who is not ready to stop gambling is useless.
Maybe the way out of this impasse would be to better ensure the standard of living of people so that they do not place their hopes on casinos but are provided with a guaranteed decent job and, of course, a salary.

iv4n

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I read somewhere that the Brazilian government is asking big money from the casinos to let them operate in Brazil. I guess it's a business, if some casino wants to operate & make money, they will have to pay something for it... whether it's worth it to the casinos or not, they will evaluate it themselves. I am more than sure they have teams for that...

Using a VPN is tricky for many reasons, and if someone uses a VPN just to avoid restrictions over their country there is a good chance that they will lose all their deposited & won money because of it. I use a VPN to avoid some provider restrictions, but if my country is on the restricted list I wouldn't risk my money.

Quote from: EarnOnVictor on Today at 06:18:05 AM

I love it when I read this, which shows the government's seriousness in collaboration with licensed casinos/sportsbooks.

This is already propaganda... we do it all to protect the players. They don't really care about the players, they want to regulate the market so that they collect as much money as possible from it. I don't see anything wrong with that, but I don't like it when states do it... we are going to put cameras everywhere for your protection, we want to know what everyone is doing for your protection...

Finestream

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This is a bold move, but let’s be real, it won’t stop people from gambling. With so many betting sites out there that don’t strictly enforce the rules, I’m sure folks will find a way to keep the bets rolling elsewhere. The government might try to block access to online casinos, but hey, there’s always VPNs to get around that.

Sure, there’s some risk for gamblers since they won’t have protection if they get scammed, but with their urge to gamble, I’m pretty sure they already know the risk and are willing to take it just to keep the game going. Hopefully, these casinos won’t use this as an excuse to scam users randomly.

Davidvictorson

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A good government will do what's right for her people. I don't know much about the Brazilian government but I will tell you that this is a step in the right direction. And I am all for it. They want gambling sites to be regulated. When gambling sites re regulated, they will not be able to take advantage of poor low income earners. When gambling sites are regulated the taxes they pay to the government will be used for the good of the people. When gambling sites are regulated, gambling addiction will decrease. This is a good development and I am in support of it.

criptoevangelista

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The Brazilian people are the biggest gamblers in the world, spending around 4 billion dollars a month on bets, so the Brazilian government saw this as a good opportunity to collect more taxes, making casinos regulate themselves and have authorization to operate in Brazil. I believe that all good casinos will have to adapt, but amateur casinos will have some kind of problem. It is a global trend for casinos to comply with the rules established by governments, and this is what will happen sooner or later in all countries.

Gozie51

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I think that is the new development from the president of Brazil to flush out over 200 online gambling domain who conduct gambling in the country without being recognized and obeying regulations. It is a welcome development, regulation of gambling sites is not a bad idea because apart from giving the government the idea of taxes to generate from that sector, it also ensures that certain mischievous activities are not carried out against the state like money laundering or underage gambling.

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Lula warned recently that betting was causing many low-income Brazilians to get into debt.

Excerpt from the link there but I don't think this is enough reason or should be part of the reason for taking such decision because gambling is not mandatory but choice, if you have decided not to stop despite consistently losing then it is not the fault of a genuine gambling site that pays tax to the government. I think the purpose for the decision should be to put them in regulated environment.

EarnOnVictor

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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.

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.

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.

I love it when I read this, which shows the government's seriousness in collaboration with licensed casinos/sportsbooks.

Topic: Regulation: Brazil closes 2000 gambling sites (Read 43 times)