Topic: Regulation: Brazil closes 2000 gambling sites - page 2. (Read 1772 times)

You sound more like a citizen from Brazil, but I doubt that is the case. Friend, let us not look at things on one side because we are gamblers, and we understand the pain of completely shutting down casinos in the country especially those who are in agony since most of the casinos are still holding their funds in them. We should look at other possible reasons for the government to take such action. Gambling is very addictive, and I am not a Brazilian, so I don't know what they are going through in terms of the effect of gambling on a person Brazilian citizen, or the entire society. Judging from movies it seems people in Brazil are mostly into drugs, gambling, and other activities which is a problem still in other countries. Shutting down gambling can be a way of not entertaining drug dealers and reducing the massive growth of prostitution and gambling addiction. We do know that people take dirty actions when they are addicted to gambling just for gambling capital.

Speaking from what you have said so far. Your points are valid. It's wise we still acknowledge the positive impact of gambling on the economy of a country. Brazil is not an exception here. If gambling is one sector where they can generate more funds for taxes and the country's revenue, then the government should be ready to find another means to generate the funds. If no other way, then it will affect the economy in a downturn. Making things worst for the citizens and its worst because gamblers who rely on gambling to survive will be poor.

Their government may have very solid reason why they closed down those sites - they may be running illegal in the first place, no license in their jurisdiction. Because it seems that they don't shut down other sites. The title should have been - Brazil closes down all gambling sites. That is, if they really are banning online gambling. So it means, they still have criteria why they are closing down those sites.

In Brazil, thousands of people receive what we call "bolsa familia" (family grant), which is government aid for needy families who are in vulnerable situations. This is normal for a populist government. But what is happening is that these people are using this financial aid to place bets in casinos that do not pay taxes, so the government decided to punish the casinos... and recently the news came out that the government itself has no way of controlling where people spend this money... it's a real mess.

Yes, this purpose is indeed very basic and to arrange for illegal casinos not to operate quietly,
and they also do not arbitrarily facilitate people to commit money laundering.

Illegal casinos like this are growing every day with tens of thousands of sites and not only in Brazil,
in some developing countries and in Asia such as Indonesia many sites have been blocked so that many people have also been caught.

Businesses that are very profitable and detrimental to many people like this need to be eradicated.

Some Legal casinos that are allowed by the government are certainly the casinos of choice,
but by doing KYC, and it happens in several developed and developing countries.

We discussed Brazil with my friends couple of days ago and they made me to understand that Brazil is one of the worse tax collecting countries you can find. They're huge amount of taxes on the citizens and outsiders is humungos making it seems as if they survive on it alone. But I wanted asking if the government doesn't have a well diversified economy which is bringing more stability to the financial system of the government rather than just imposing heavy tax duties on its citizenry. I also want to be clear if closing those gambling sites could boost their ability to tax more or reduce it and what's their ultimate guy.

The main intention of regulating is to minimize crimes brought about by unregulated casinos, such as money laundering. This is why strict regulations are being enforced to address these concerns. Additionally, it ensures that tax collections won’t leak, as casinos will be required to register and pay their dues, or they’ll be forced out of the market.

While you have a good point that the poor are more likely to cash in on online casinos, it still comes down to personal choice. If the government takes the initiative to educate people about gambling, they’ll understand that it’s not a solution to escape poverty.

That's great. So, that could have been the case for most that they are not paying taxes and dues and so the government enforced a huge shake for these casinos that have been operating there and they have no benefit from them. I think this is the same with the exchanges that does operate in many countries but they are not paying anything to the government when they are taking advantage of their citizens that uses their services. And that's it, they have to comply and pay every requirement that will allow them to operate again.

I have come across this point of view that unlike offline casinos that cash in on the rich, online casinos cash in on the poor. From the point of view of this position, the Government's actions make sense. The government does not need impoverished citizens, as this inevitably leads to social problems, such as, for example, an increase in crime. So the number of online casinos should be limited. In addition, it is possible that some of these sites are just scams.
In general, regulation of the gambling industry is of course necessary. But on the other hand, it is almost 100% likely that states begin to abuse their power. Therefore, anonymous casinos will always exist as a necessary balancing act for excessive regulation.

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.

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.

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 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...

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.

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.

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?

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?

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 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.

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 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.

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

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.
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.

what i wanted to see is that the act must be dedicated and not for their own corrupt movement .