Quote from: ethereumhunter on October 29, 2024, 04:04:57 AM

Quote from: Cryptomultiplier on October 27, 2024, 07:01:57 AM

Before this regulation came into full effect, one of the ways I remember that the Brazilian government used to check gambling activities was by taxing gambling earnings or wins about 15% of the money and this was assumed to be enough to reduce gambling activities.
Am shocked to see that same government has totally closed over 2000 sites because they are either illegal or fo not fulfill the policies of the government.
I hope jobs would be created to cover this lapse in gbling earning.

Imposing tax for 15% is high for the winners or for gambling earnings but that is enough to make gamblers start reduce their gambling activities. But that doesn't makes addicted gamblers will stop playing gambling because that will not affect to them.

For me, a 15% tax on gambling can never stop most gamblers from gambling, it will take above 50% to make enough gamblers reconsider or limit their gambling activities. This 15% is on their citizens but it is worse with gambling operators in the country, they have to part ways with 55-58% of their income for various taxes in the country. That's huge.

But this recent ban on online casinos is not meant to gain more taxes but to make sure that those online casinos gaining from their citizens who are not registered in the country also pay taxes to the government.