Zona de Azar Brasil – Brazil: “Bets” Associations Invite Government to Intersectoral Meeting
Brazil. – September 27, 2024 www.zonadeazar.com The National Association of Games and Lotteries (ANJL) and the Brazilian Institute of Legal Gaming (IJL) proposed an intersectoral meeting in response to the manifesto from retail and service entities. The goal is to discuss concerns regarding online betting, known as “bets,” and propose concrete measures for successful regulation.
The betting associations have expressed support for two important measures:
- Banning the promotion of bets as an investment, emphasizing their entertainment nature.
- Advancing the prohibition of credit card use in betting to reduce the risk of debt and compulsive gambling.
“Brazil is on the verge of having a robust and responsible regulation, which will be among the best in the world,” stated ANJL and IJL.
The two entities highlighted the sector’s commitment to awareness campaigns and the development of tools to protect consumers.
Government and Entities Seek Consensus
The proposal for dialogue was sent to key government figures, including:
- Geraldo Alckmin, Vice President and Minister of Development, Trade, Industry, and Services
- Alexandre Padilha, Minister of Institutional Relations
- Ministries of Finance, Sports, and Health
This initiative demonstrates a joint effort to address raised concerns and seek solutions that benefit all sectors involved.
The regulation of online betting in Brazil is moving towards a model aimed at curbing abusive practices and promoting the sustainable development of the sector.
Alckmin Held Meeting on Credit Card Ban for Bets
Last Tuesday (24), Geraldo Alckmin led a meeting on the regulation of sports betting with representatives from various ministries.
The focus was on banning the use of credit cards and PIX, which is expected to come into effect in January with the regulation of sports betting and online gaming.
The credit card ban aims to mitigate debt and compulsive gambling. The government is considering implementing these measures gradually to ensure effectiveness and sustainability.
However, some betting houses are already planning to get ahead and block the use of credit cards starting October 1.
Edited by: @_fonta www.zonadeazar.com
