The regulation of sports betting in Brazil is on the agenda, and lawyer Nelson Wilians, a specialist in Business Law, shared his perspectives on the topic in an interview with CNN Brasil this Tuesday (1st).
According to Wilians, the number of betting sites operating illegally in the country could be much higher than estimated by the Ministry of Finance. “I believe that more than 2 thousand, if abused, the number of bets that are currently operating in Brazil and operating irregularly will exceed 3 thousand”, stated the lawyer.
History and challenges of regulation
The expert recalled that the law that allows the legalization of sports betting dates back to 2018, but the regulatory process took time to advance. “Unfortunately, a long time passed, a considerable amount of time passed, and this created a stir in the betting market”, explained Wilians.
Regarding concerns related to the possible negative impacts of betting, such as decreased purchasing power, psychological effects and debt, the lawyer highlighted the importance of regulation. “We already have, in other countries, a regulated market. What happened in other countries? For us to know more or less what will happen in Brazil, what it would look like in Brazil, we just need to look at those who have had the regulations for a longer time”, he argued.
Perspectives and ongoing measures
Wilians highlighted that the regulation will bring more legal security to companies that already operate legally and cited the example of Rio de Janeiro, where the market is already more advanced thanks to the actions of LoteRJ (Rio de Janeiro State Lottery).
The lawyer also commented on the possibility of limiting bets for beneficiaries of social programs, such as Bolsa Família. “I believe that anyone who receives Bolsa Família should not even use it for that, because it is not the purpose of Bolsa Família”, he said.
With the deadline for registering companies in the Ministry of Finance’s betting management system closing, it is expected that the sports betting market in Brazil will enter a new phase from January 2024, with clearer rules and more supervision. rigorous.
This content was originally published in “Number of illegal websites in the country could be much higher”, says lawyer about bets on the CNN Brasil website.
Source: CNN Brasil
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