Since starting of this year January 2025, Brazil Government has been taking some crucial steps to regulate iGaming in their country. So, Brazil has now officially moved from an unregulated online betting space into a fully legal and structured iGaming market as the sports betting, online casinos, and virtual games are now supervised by the Brazil government and from this year, the betting companies who want to operate in Brazil must get properly licensed, pay taxes, protect players, and follow strict safety standards to avoid trouble and losses in the community.
Steps Taken By Government:-
1) Brazil Government has passed the law and according to that law, several online casinos and virtual sports are now included in betting laws which means, all the online betting games will now follow the rules made by the government and government keeps track of it too.
2) Licensing rules have been implemented and according to these rules, the companies must pay about R$30 million (US$5.2M) for a 5-year license.
3) The rules made on 2024-25 has imposed strict requirements for many online gambling operators both local and international such as financial thresholds and has done many background checks to track and ensure any transparency and also to prevent money laundering.
4) Some of Taxes rules have been set up which means, there is a 12% tax on company revenue and 15% tax on player winnings above R$2,112 (~US$364).
5) Most obvious rule that is protection of Players have been made such as - Spending limits and self-exclusion tools, preventing fraud by using IDs and biometrics, and establishing a 24/7 consumer support.
6) Online betting websites should use ".bet.br" domain and also follow strict data protection rules, and this is also really good for other people. And as per the rules, thousands of unlicensed sites have already been banned from the Brazil to protect consumer from going to fake betting websites.
Reason For These Rules?
Well, from past many years, online betting games were always been big business in Brazil and as per the report, Brazil managed to generate over 20% of all global online gambling traffic in the year 2022 and online gambling was actually way more famous in Brazil as approximately 86,43% of sports fans admitted that they were using online betting services in that time. But, there was huge loss of government related to tax money, and for the local people related to their life, so Brazil government did not completely banned online gambling but made them to follow the law, pay taxes, avoid illegal activities and majorly to protect consumers. These rules also helps to grow the market even more and with over 210M people and so much love for betting, Brazil is one of the biggest potential iGaming markets in the world. What do you guys think? Lets have your own thoughts in the Comments, thanks for reading and visiting the Site.