🇧🇷 #BrazilGambling #OnlineCasino #SportsBetting #LegalizeIt #GambleInBrazil #BigWinBrazil #RegulationSmiles #BrazilianGamblingReview
Brazil’s Chamber of Deputies has given the green light to the government’s groundbreaking gambling bill! 🥳 This is a huge step towards regulating online gambling in Brazil, the world’s 10th largest economy! 🌎💰
The bill, known as Bill 3626/23, is set to replace a previous Provisional Measure and has undergone multiple amendments. But guess what, folks? It’s all smiles as it legalizes online casinos and sports betting! 🎰🏇
DEPUTY ADOLFO VIANA presents the super amended bill, and now it’s off to the Federal Senate for a 45-day comment party! 🎉
Foreign operators, sorry, you’re not invited! Only Brazilian companies with their headquarters and administration in the country can join this gaming extravaganza! 🇧🇷🏢
But don’t worry, it might just be a small hurdle for foreign operators. They can team up with local heroes to play by the rules! 🦸♂️🌟
And let’s talk money! 🤑 An 18% revenue tax is in place, but experts say it can climb to 31-34% with added contributions! 💸💰
Here’s where it gets interesting: 2% goes to social security, 1.82% to the Ministry of Education, 6.63% for sports, and 5.0% for tourism! 🏦📚🥇🌴
And remember that £4.89m licence fee? It’s still hanging around, but the bill now shortens the licence term from five years to three! ⏳📜
But wait, there’s more! Operators must also combat money laundering, terrorism, and promote safer gambling! Safety first, folks! 🕵️♂️🛡️
No bonus bets here, folks! 🚫 Even promotions can’t change that! And no credit lines either! 💳
For the ad lovers, only licensed companies can advertise, and ads must follow strict guidelines! 📣📺
And one more thing, no bets for operator leaders, regulators, kids under 18, or sporting event participants! Sorry, folks! 😬
Now, about those payment rules! 🏦 Only Central Bank-authorized institutions can offer payment services, and your money can only go to Brazilian bank accounts! 🇧🇷💳
This is a big leap towards legal online gambling in Brazil! 🚀 It all began in 2018 with Federal Law No. 13,756/18, and now, we’re on the cusp of making it official! 🥂
Despite a bumpy road, we’re almost there! 🛣️🎯 Stay tuned for the final act in the Senate, and let the Brazilian gambling revolution begin!
