Could Gambling Legalization be a positive thing for Brazil?

[robelneo]

The

R$100 billion fiscal deficit

is enough reason to legalize gambling and the 650,000 jobs to be created once they legalized gambling and the companies that will revolve around these casinos are very compelling, but unfortunately, its president and evangelical leaders are against it, although they have presented a way to overturn a veto this is still a long way to get an approval the debate should start so they can weigh the advantages and disadvantages, only the good of the Brazilian should be considered, it's a debate against morality and the survival of the economy.

[michellee]

The president have stern thinking and he is against it

does he realize the effect it could have on their economy? I mean, 3.5 billion dollars in annual tax is a huge thing. is he against it because of his religion, morality, criminal activity in casinos or the impact gambling can have on his citizen if gambling is legalized? like I said before on a thread talking about legalizing gambling "if they ever legalize gambling it should be heavily regulated since gambling casinos is a great way to launder money and conduct other illegal activity.".

If that is about the religion, it will not be easy to get approval from the religious leader because it is written in their holy book that gambling is prohibited and no excuse. Out of that, he must regulate gambling strictly and not permit people under 20 years to gamble. And for criminal activity, he must have clean officials that will watch out for all casinos so there is no way for the launder to do money laundry on the casinos. And if someone catches because of money laundering, there is a heavy punishment for them.

[AicecreaME]

It could be a positive thing or a negative thing depending on how the government officials would implement and handle the legalization of gambling in their country. The constituents' discipline also plays a great role in the path their country has to take once the gambling industry is already legalized. There are advantages and disadvantages when it comes to the talk of gambling legalization. The boosting of the economy because of tax revenue that will be added once gambling will be legalized is a big thing to the economic growth of a country. The job opportunities will increase once gambling will be allowed resulting in a higher rate of employment that could be of great help to the citizens and to the economy as well because of tax once again. These are just the common positive effect of gambling, however, it could have some negative effects and disadvantages too. One of the leading possible disadvantages and negative effects of gambling in a country is having its citizens be obsessed and addicted to it that could compromise their health and overall well-being. This mental health problem could result in chains of issues such as developing financial problems that could lead to doing illegal activities.

The way Brazil's government will take action for gambling legalization would be the answer on whether what will be the impact of gambling to their country. I just hope that their government will thoroughly think, plan, and organize before the actual implementation and permission of any gambling activities so that they won't have any problem in the future. Or if ever there would be any, they could resolve it in a snap.

[BitcoinAccepted]

The way Brazil's government will take action for gambling legalization would be the answer on whether what will be the impact of gambling to their country. I just hope that their government will thoroughly think, plan, and organize before the actual implementation and permission of any gambling activities so that they won't have any problem in the future. Or if ever there would be any, they could resolve it in a snap.

Well said, everything you said is on point. The gambling legalization could be a positive thing for the whole nation of Brazil if and only if it is planned, executed and monitored at the utmost possible way. As much as positive outcomes could be reaped out of doing such, setbacks could also be resulted form lack of discipline, communication and integration of the different essential agencies and parties involved in doing the legalization successfully.

[ChiBitCTy]

I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.

[goldkingcoiner]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

Corruption I believe is the core of every single government out there, be it democratic, communist or even a dictatorship, all of them have yet to make people believe in their plans which would honestly give 100% to these people. What I do think is, at least this would give them a chance to improve their state. The fundings might come in handy during the pandemic and that can help the COVID situation improve a bit.

While you may be right about corruption being in the core of every single government out there, I very much doubt that all corruption can be claimed to be at the same levels. There are definitely countries that are so openly corrupt, that it may as well be a giant drug cartel. Others can be secretely corrupt but it always shows reflected at the citizens wealth and health. Look at the people to see how bad a country is.

[rhomelmabini]

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

I guess Passos has sound decision on this but if there are hindrances like the evangelical leaders from the country I don't think that it will flourish to even legalizing it.

If these evangelical leaders are opposing gambling addiction yet there's a legalize sports betting in the country have they already take a look if there's increase in gambling addiction on that particular gambling? If there is then I don't think they are really into eradicating of gambling addiction they are just wasting opportunity for their country to have a sound economy.

[Jackl87]

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

Well i would guess that everyone that is a big fan of gambling in brazil is already doing it using VPN or other methods so i don't think it is a bad thing if gambling would be officially legal in brazil. Of course this also means that probably advertising in television and the internet for gambling would be allowed then. There i think the rules need to be pretty strict that it is made clear during the commercial that gambling has a high potential of getting addicted and that you can lose your money too. In addition to that it should only be allowed for adults to do gambling of course but i guess and hope this would be the case anyway.

[carlfebz2]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

Corruption I believe is the core of every single government out there, be it democratic, communist or even a dictatorship, all of them have yet to make people believe in their plans which would honestly give 100% to these people. What I do think is, at least this would give them a chance to improve their state. The fundings might come in handy during the pandemic and that can help the COVID situation improve a bit.

While you may be right about corruption being in the core of every single government out there, I very much doubt that all corruption can be claimed to be at the same levels. There are definitely countries that are so openly corrupt, that it may as well be a giant drug cartel. Others can be secretely corrupt but it always shows reflected at the citizens wealth and health. Look at the people to see how bad a country is.

Being a bad country in terms of economic state doesnt automatically means that government that do holds up already corrupt.There are lots of factors too which need to consider. How about they dont progress out

because they had set out low % on taxation on each industries or doesnt  have much ways on getting tax revenue on businesses inside the vicinity? You couldnt really determine it out precisely.

In terms of level of corruption and conditions in related to this then it couldnt be precisely known but we could at least make out presumption basing into those very common scenario.

[Oilacris]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

Corruption I believe is the core of every single government out there, be it democratic, communist or even a dictatorship, all of them have yet to make people believe in their plans which would honestly give 100% to these people. What I do think is, at least this would give them a chance to improve their state. The fundings might come in handy during the pandemic and that can help the COVID situation improve a bit.

While you may be right about corruption being in the core of every single government out there, I very much doubt that all corruption can be claimed to be at the same levels. There are definitely countries that are so openly corrupt, that it may as well be a giant drug cartel. Others can be secretely corrupt but it always shows reflected at the citizens wealth and health. Look at the people to see how bad a country is.

Being a bad country in terms of economic state doesnt automatically means that government that do holds up already corrupt.There are lots of factors too which need to consider. How about they dont progress out

because they had set out low % on taxation on each industries or doesnt  have much ways on getting tax revenue on businesses inside the vicinity? You couldnt really determine it out precisely.

In terms of level of corruption and conditions in related to this then it couldnt be precisely known but we could at least make out presumption basing into those very common scenario.

You are on spot on this one! Gambling industry is big which you could really think off that government wouldnt be thinking that they could make out money or tax into those industries?
For sure they do have that personal kind of reason on why some countries doesnt consider on letting those gambling companies to operate on on which they are minding about their
citizen about gambling addiction because they do know that this is something which is really hard to be resolved personally and whats next?

[Shasha80]

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

Well i would guess that everyone that is a big fan of gambling in brazil is already doing it using VPN or other methods so i don't think it is a bad thing if gambling would be officially legal in brazil. Of course this also means that probably advertising in television and the internet for gambling would be allowed then. There i think the rules need to be pretty strict that it is made clear during the commercial that gambling has a high potential of getting addicted and that you can lose your money too. In addition to that it should only be allowed for adults to do gambling of course but i guess and hope this would be the case anyway.

The fact is that if the Brazilian government prohibits gambling, gamblers in Brazil can still gamble. One of them is like you said gamblers can use
a VPN to access gambling sites, I did the same because in my country gambling is prohibited. It's even possible that in Brazil there are some
illegal casinos that have been around for a long time, and we know the velocity of money in the gambling industry is huge. So it would be better
if the Brazilian government legalized gambling, so that at least the Brazilian government gets a large tax revenue from  the gambling industry.
So the Brazilian government has the money to work on government projects that benefit the Brazilian people.

Although there will be bad effects that will occur if gambling is legalized, there will probably be many people who become addicted to gambling.
But it can carry out strict regulations regarding gambling, so at least it can minimize the number of gambling addictions. Then the Brazilian
government could also build a free rehabilitation center for people addicted to gambling. The conclusion is that as long as there are many benefits
that can be obtained from legalizing gambling, why doesn't the Brazilian government do it.

[batang_bitcoin]

I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.

It's actually a good thing and sad to hear that they're having hard time to buy their own hardware wallets. But they have an option to just download some wallet apps that still allows them to hold their private keys. While they're saving for a hardware wallet, they can do alternatives that they can.
As for the gambling industry in Brazil, any source of taxation that's legal, it's always for the good of their country.

[South Park]

The

R$100 billion fiscal deficit

is enough reason to legalize gambling and the 650,000 jobs to be created once they legalized gambling and the companies that will revolve around these casinos are very compelling, but unfortunately, its president and evangelical leaders are against it, although they have presented a way to overturn a veto this is still a long way to get an approval the debate should start so they can weigh the advantages and disadvantages, only the good of the Brazilian should be considered, it's a debate against morality and the survival of the economy.

And most of the time this is an issue with those leaders that want to hold some kind of moral high ground when what matters the most is how they can benefit the people they are governing despite whatever values and principles they may hold, it seems those people prefer to keep outdated ideas and let their citizens starve than to simply do what it is best for their people, and this is nothing new, as there have been some criticism against the current government as similar circumstances have presented themselves in the past and the interests of the people are always left last.

[24Kt]

I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.

It's actually a good thing and sad to hear that they're having hard time to buy their own hardware wallets. But they have an option to just download some wallet apps that still allows them to hold their private keys. While they're saving for a hardware wallet, they can do alternatives that they can.
As for the gambling industry in Brazil, any source of taxation that's legal, it's always for the good of their country.

Because if they will not make it legal, gambling will exist underground and the government will have no share from this black market. So why not make it legal instead so government can get something out of it, right? Because gambling will always exist anyway. Also, the government can also help these gamblers run after the casino if in case they will have complaint about them.

[batang_bitcoin]

I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.

It's actually a good thing and sad to hear that they're having hard time to buy their own hardware wallets. But they have an option to just download some wallet apps that still allows them to hold their private keys. While they're saving for a hardware wallet, they can do alternatives that they can.
As for the gambling industry in Brazil, any source of taxation that's legal, it's always for the good of their country.

Because if they will not make it legal, gambling will exist underground and the government will have no share from this black market. So why not make it legal instead so government can get something out of it, right? Because gambling will always exist anyway. Also, the government can also help these gamblers run after the casino if in case they will have complaint about them.

That's right.
If they want to get some decent taxation from it, they just allow it yet prohibit and put sanction for those that won't register their casinos. Upon legalization, they're making the market open and these operators won't hide from them anymore. And likely, profit from these casinos might increase because they have the confidence due to the fact that they're registered and backed up by the government.

[Ryker1]

^[snip]
What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

Well I think --that is a wise and good decision.
There are sometimes governments that will change their protocol and perhaps they saw the potential of taxing gambling businesses which are really helping to boost economic growth. Gambling industries can generate a huge profit and through this profit, it could be taxable, the more profit will come the more amount that the casinos will tax. I don't know much about how the government of Brazil did not realized this while earlier but good thing now they are awake for the potential one.

[dimonstration]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

It will be better if there are countries who will alot the taxes the gathered in a specific area to focus with if for transactions, school or in that organization etcetera so it will be seen used in good project.  By legalizing  gambling  will open more jobs as well additional adoption to crypto. Brazilians may already playing gambling even it’s not yet legal so it will be a good news for them.

[xSkylarx]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

It will be better if there are countries who will alot the taxes the gathered in a specific area to focus with if for transactions, school or in that organization etcetera so it will be seen used in good project.  By legalizing  gambling  will open more jobs as well additional adoption to crypto. Brazilians may already playing gambling even it’s not yet legal so it will be a good news for them.

I think most of the country, although it is illegal, there are still a lot of people playing gambling, as they are enjoying it and at the same time earning money. If legalization comes to pass, then I think there will be a spike in the number of gamblers that will be playing since some of them are just scared of the law. The effect of this will be that more investors will come into the country since there is a huge demand for gamblers. This also has a good effect on the economy as there are a lot of investors putting their money in the country.

[ipanks]

Because if they will not make it legal, gambling will exist underground and the government will have no share from this black market. So why not make it legal instead so government can get something out of it, right? Because gambling will always exist anyway. Also, the government can also help these gamblers run after the casino if in case they will have complaint about them.

The government should think about that if they do not want to lose the taxes from the gambling owners. It will be better if they can regulate gambling and control it to benefit from the gambling industry because the gambling industry can develop more than now. Besides making gambling legal, the government should realize that by doing that, they can face new problems that can happen with their people such as addiction to gambling, losing their job or income because people will use more money to gamble and else. It needs more discussion to all people and institutions before they make gambling legal and solve the problem behind gambling.

[delfastTions]

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

In order to resolve this issue, it is necessary to conduct a systematic analysis of the consequences of legalization.  As I understand it, the President is against legalization, and part of the Parliament proposes to do this, arguing that taxes are collected at a high rate (30%). 
However, such actions by the legislator can have many negative consequences for the entire population of the country.  I will not list them because this is the result of a system analysis, which we will not be able to carry out without accurate initial data.  There are countries where this business is legalized, and where it is prohibited.  It all depends not only on the will of the legislators but also on the mentality of the population and their religion, beliefs, lifestyle and other factors.