The federal government is preparing a Provisional Measure (MP) with the objective of regulating virtual betting by users over the
the Internet. The Ministry of Finance announced in May that the text of the MP is being analyzed by various sectors of the government, and is expected to be published soon.
expected to be published soon. According to the government, the idea is to further modernize the sector, bringing security in order to avoid cases of manipulation.
to avoid cases of manipulation of game results (verified over the years), and ensure a new source of revenue for the government.
revenue for the government.
Most experts believe that the measure demonstrates that Brazil is moving ever faster toward the definitive regulation of online sports betting.
definitive regulation of online sports betting. The news portal Brasil61 went to the field and heard two experts on the subject, who approved
the idea and explained that legalization will bring several benefits to those involved and also to the country.
Dependent People
According to Professor Thiago Sorrentino, who teaches Tax Law at Ibmec Brasília, the government urgently needs to
increase revenue and the measure will reduce the problem: "The regulation of online gambling is urgent, because Brazil is a country marked
by a very high degree of indebtedness. With the loss of patrimony, the population will become more dependent on the State.
will be the tax burden of the text to expand the supply of services and would no longer be consumed. Furthermore, the country asks for foreign exchange because
many of the operators of these bets are based abroad in tax havens".
The lawyer Marcelo Mattoso, an expert in the gaming market and eSports (digital games competitions), reminds that the betting market is already a reality for Brazilians.
betting market is already a reality for Brazilians. According to the partner at Barcellos Tucunduva Advogados, this means that more and more
more and more new users will join this type of practice and, obviously, it is interesting that there is an improvement in the
regulation for the sector, for several reasons.
Increased revenue
"First of all, we will have a tax collection and it means that from this activity we will be able to collect money
to convert it to health, education, culture and certain other sectors in the country," he said, adding that "another
positive is that we will have mechanisms to curb some legal practices such as manipulation of results: "If you have a
synchronization of data between the platforms and oversight bodies, for example, you can avoid most of these issues
of data manipulation or at least try to mitigate this.
Understand
Under the proposed Provisional Measure on Sports Betting, only qualified companies will be able to offer bets
related to official sports events. Under the proposal studied by the government, there will be taxation on the revenues of the sportsbooks and the
and prizes won by bettors; and will increase security for bettors and government revenue.
The proposed MP, forwarded to the ministries co-authors of the idea (Planning, Management, Health, Tourism and Sports) promises to
to guarantee more confidence and security to bettors, thanks to the transparency of rules and inspection. After evaluation and signature
After evaluation and signature of the portfolios, the MP will be forwarded to the Chief of Staff and, then, the ministries will be able to issue regulations to create
mechanisms to prevent and curb cases of manipulation of results.
Source: Brazil 61