Quote from: EarnOnVictor on October 14, 2024, 10:18:05 AM

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Rio de Janeiro (AFP) – Brazilian authorities on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling.

Source: Brazil ordered the closure of 2000 betting sites

What do you guys think, is it the right step? What will the government lose or gain? What will the citizens lose? Will the closed websites cooperate? Many might want to take their business elsewhere as they like to operate where the regulations are weak.

Do you think Brazilians would cooperate with the government? Some may think of VPNs to bypass the government's restrictions, but this might put them into trouble with casinos. I wonder how many of them know this.

It takes a bold step to do this and it looks like some countries are now waking up. Regulation is important in the gambling sector, it's better not to have gambling outlets at all than to have them do as they like without proper accountability and even pocket all the money without giving the government what is due to them. As for the government, the tax due is not justified if not used properly, sensitises/educates the people about gambling and protects the rights of the citizens/residents.

I love it when I read this, which shows the government's seriousness in collaboration with licensed casinos/sportsbooks.

That was definitely bold. and i do agree with you It is an indication of the government's aim to catch unchecked forms of gambling. Gains are going to be enormous: an extremely open industry where taxes are accepted and players are protected. However As you mentioned As if this is possible, Taxation must also distribute taxes to finance some benefits in the public's best interests including educational help and substance abuse intervention programs. This is to make the players feel that the government cares for their welfare.

Still, there is a risk that gamers will use a VPN or move elsewhere if they feel blocked or don't trust the system. This is probably the hardest part of getting people on board according to the new rules. Brazil's success here could have implications for other countries. where similar rules are debated So it will be interesting to see how players, teams and governments adapt.

Quote from: Promocodeudo on Today at 01:28:41 PM

Quote from: Akbarkoe on October 14, 2024, 12:59:09 PM

In the end, the license is very important for every casino that wants to operate because the government has begun to realize the growth of the gambling industry and a lot of money in gambling, so regulation is very important for the common good, even though we know taxation is also very important as a source of state revenue, so they do this very firmly on every casino that does not comply with regulations, closing the site is the right step if using the government's perspective, wrong and right when assessing this is whether the casinos that are closed have been given the opportunity to register their business in order to get certification to have an operating license, if they have had the opportunity before the closure is carried out then it is the right step, but if they are not given the opportunity of course it is an inappropriate step.

What you said is the truth, if closing or shutting down this number of gambling sites was done to right some wrongs in terms of doing the right thing I think Brasil is in the track, am very much against witch hunting but the right thing should be done, there should be regulation after all there is a government in that country and I believe its for the good of the country at large, gambling companies shouldn't be operating through the back door, if they want to do business in any country, it should be done appropriately.
Gambling companies are making a lot money so they shouldn't be left untaxed, regulation will make these companies not to default on gamblers side too.
You have said it all which I believe is the right thing, if what the government did is to get their attention in other to correct somethings then its fine, very soon many country will do the same to gambling companies that are operating in their country but not ready to comply to their terms.

Agreed and well-defined rules do not only keep these companies accountable, but it will also serve to ensure a safe environment for everyone involved in the game. Brazil should adopt this approach, especially if it would encourage other countries to spread its wings and duplicate the same for similar situations they have such as illegal gambling activities. Better licensing and taxation can help yield several health benefits. Be it from responsible gaming programs that help reduce gambling to public finances spent by the state.

How the above conditions might impact the industry as a whole would be very interesting, in theory. This will lead to a standardized environment where the public and private sectors cooperate. Contractors and licensed players will be led to find that a well-designed environment creates a stable and safe arena in which no contractor can take advantage of another contractor or evade taxes. Then, if done just right, this could be a turning point toward more equitable and responsible standards of gambling in the world.