In terms of population and size, Brazil is the largest country in Latin America, with more than 207 million people. With such a large population, it is inevitable for some Brazilian locals to show an interest in gambling activities. For updated information on where you can place the bets legally, you can consider visiting https://sobradinhoec.com.br/melhores/aposta-legal.
Sadly, there are only a few forms of gambling allowed in the country; however, there are still some lawmakers that are pushing for a change. As for now, you can simply place your bets on dicasdeapostas.bet.
Sports Betting In Brazil
Almost all gambling activities have been prohibited in Brazil for more than 70 years. Since games of chances were banned in 1941, people could only engage in legal gambling activities like lotteries under the state monopoly and horse-race wagering.
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However, 2018 proved to be a very promising year for the Brazilian gambling regulation. Law 13,756/2018 was created for the fixed-odds sports betting lottery method; this granted the power of regulation and issuing of licenses to the Ministry of Economics.
The law’s legal definition was a system of bets made on real sports events, wherein the prize of punter for betting on successful outcomes will be defined by the time the bet is placed.
The Ministry of Economics has placed a statutory period of four years to regulate this fixed-odds betting method. As for now, there are a number of questions related to this competition model – whether the number of licenses will be limited or unlimited, etc.
While Brazilian online sports betting is unregulated, online sportsbooks are still legal. The sheer power of sportsbooks can be attributed to the fact that many attempts were made to ban online gambling shows. In fact, the government has tried to do so in 2006, 2008, and 2010; however, all these attempts resulted in failure.
Additionally, the Senate made an attempt to ban online sportsbooks in Brazil in 2011, but could not garner enough support. Therefore, the Brazilian Senate passed a bill in 2015 that online sportsbooks will have to be regulated and taxed. Therefore, you can say that online Brazil betting are in the legal grey area.
Betting Rules In Brazil
Some basic facts you should know about betting in Brazil include:
- Types of bets allowed: Fixed-odds on sports.
- Regulations: To be renewed by the Ministry of Economics every two years.
- Number of available licenses: Regulated by the Ministry of Economy.
- Taxation on the player: 30% of each prize of more than 1,903.98 reais.
Online Sports Betting: Safety
While Brazilians love to bet on sporting events, you will not find a lot of legitimate betting sportsbooks online. For the best security, it is always better to look for an international online bookmaker. Thankfully, there are more than 400 online sportsbooks that accept Brazilian currency. The platforms are a class apart when it comes to security and safety.
How Do International Sports Bettors Cater To Brazilian Punters?
Most online bookmakers that provide their services to Brazilian bettors provide European and American football betting. However, these punters are also looking for more sporting events like MMA, Jiu-Jitsu, etc. due to their rising popularity. In fact, research has concluded that many bets are placed on MMA Associations like UFC, etc.
Most of these bookmakers also provide betting on South American and NBA basketball. Of course, horse racing will always remain on the top.
Final Thoughts
While the sports betting industry is still going through some specific changes, it is safe to say that the Brazilian market will soon open up for international bookmakers and sportsbooks. Brazilians love to gamble, especially when there is a football match, like the famous Brazil Serie A, taking place. However, the way this event will unfold can only be predicted by time.