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Topic: Regulation: Brazil closes 2000 gambling sites - page 10. (Read 1772 times)

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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.
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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.
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