Brazil: Manifesto Launched Against CIDE-Bets, Warning of Risks

Brazil.- December 11, www.zonadeazar.com A parliamentary front and regulated-market stakeholders publish a manifesto rejecting the proposed “CIDE-Bets” tax — arguing the measure endangers the viability of legally licensed online betting in Brazil.

Overview

Amid Senate debate over the creation of CIDE-Bets —a proposed special tax on deposits or bets— a group of lawmakers and gaming-industry actors issues a manifesto challenging the initiative. Their main concern: taxing bets/deposits instead of operator revenues may raise prices for legal platforms and drive players toward unregulated, illegal alternatives.

Key Details / Context

  • The proposed levy would apply to player deposits or bets at the moment of transaction — not to operator revenues or winnings — effectively burdening the user rather than the operator.

  • Critics warn this structure undermines the competitiveness of regulated platforms and incentivizes the clandestine market.

  • The measure could also undermine recent progress in regulation, oversight, and responsible-gambling frameworks that have been established since legalization.

Sub-themes

  • Regulated vs. illegal market competition

  • Tax burden on consumers vs. operators

  • Player protection and sustainability of regulated online betting

Outlook

If CIDE-Bets is approved as proposed, the regulated online-betting market risks contraction — with operators shuttering and users migrating to illegal platforms. Conversely, rejecting or revising the proposal could reinforce a stable, transparent, and responsibly regulated environment for legal online betting in Brazil.

🔗 Edited by @_fonta www.zonadeazar.com

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