Zona de Azar Brazil – Brazil: Steady Steps Towards the Future of Online Betting

Brazil, November 26, 2024 – www.zonadeazar.com Attorney Ana Gatti, an expert in gaming law and administrative director of the Brazilian Institute of Diversity (IBD), previously served as operations director of Abrabincs (Brazilian Association of Bingo, Casinos, and Similar).

In an article published in Folha de São Paulo, Gatti analyzes the recent regulation of the iGaming sector in Brazil. She highlights the economic and social opportunities created by Law 14.790/23.

Steady Steps Towards the Future of Online Betting

The iGaming market in Brazil, comprising online gaming, is here to stay. The enactment of Law 14.790/23 at the end of 2023 marked a significant step toward regulating the online betting sector in Brazil.

In 2024, this legislation has been complemented by a series of ordinances establishing detailed rules and guidelines for the sector’s development. The new regulations address topics such as money laundering prevention, match-fixing, and player protection.

These measures also emphasize responsible gambling, creating a secure and transparent environment. This positions Brazil toward a billion-dollar market with high growth potential.

The regulation of iGaming is not only a legislative milestone but also an opportunity to boost Brazil’s economy. According to Ana Gatti, its impact extends beyond casinos and lotteries, encompassing an industry capable of generating jobs, innovation, and benefits across multiple sectors.

Brazil has the potential to become a technology hub for online gaming, attracting investments and fostering innovation. The iGaming market can create thousands of jobs, positively impacting the economy and the entire production chain. However, regulation is essential for this economic and social growth.

How Regulation Will Prevent Irresponsible Platform Use

Regulation brings not only economic benefits but also consumer protection. Tools to prevent compulsive gambling and alerts ensure a safer environment. Inspections and support programs are also key advancements of the new law.

The measures aim to protect consumers and prevent addictions. Clear legislation on advertising combats manipulations and illegal activities. While Brazil was late to regulate, this delay allows learning from the mistakes of other countries, such as the UK, with its constantly evolving laws.

Brazil can draw on the strict regulations of countries like Italy and Spain, which have already regulated both online and land-based betting. This comprehensive approach would avoid pitfalls and enable the creation of an efficient, safe, and sustainable regulatory model ideal for the country.

The attorney concludes her article with optimism about Brazil’s online betting future: “With a fair and modern approach, we find an excellent opportunity to build the country without relying solely on luck. Brazil has all the right cards to become a leader in the global online gaming market,” Ana Gatti concludes.

Edited by: @_fonta www.zonadeazar.com