Betting law ignores technology and encourages clandestinity

[redsun114]

Even though a bank slip can be said to as alternative to cash, it's okay for it to be excluded in the restriction because it isn't against with their advocacy. Cash is not an alternative but it is the main source of payment, so they should exclude it as well.

Addicted gamblers that are affected, will surely find a way and they will do that clandestine betting you are saying there. That is going to be easy in the case of cryptos and there are also decentralized sites here that regulatory bodies can't touch. Bettors can enjoy anonymous betting and they will not worry about taxations, if this is one of their concerns. Not all innovations are good, or it can also depend on how the person sees it. For us, cryptos are good innovation but for many governments, it isn't.

[Findingnemo]

As far as that law applies to casinos that operate in Brazil then online players should not worry about such laws. If I'm not wrong then most of the online casinos are operating from placed that's not under the territory of  Brazil and by keeping that in mine the online players can play at their favorite betting sites without any issues.

Not entirely, government can chose to announce that any casino that operates without following the regulations of their policies can be considered as illegal therefore anyone who is gambling overseas casino violates their laws but it's kind of grey area it can be only explained by the people who were well aware of their constitution policies regarding online platforms.

[Hatchy]

You have to also understand that lots of fraud go through casino and its not a wrong idea for them to regulate it a little, I believe they must be a reason behind this new rule that they brought out l, it can't totally be to stop crypto casinos from excelling in the country, who knows it might be task related.

Its very true that alot of fraud goes through casino, I guess that what the kyc and other identification process exist. A lot of these online casinos might be created with the intention of scamming others claiming to be a place for fun but at the end, implement rules that goes against customers right. Any action that some government are taking to regulate forms of crimes in casino or their country are usually for the benefit of everyone e that's why most times I don't blame them even when they force the kyc on casino users. Just like any other form of online services, fraud still cannot be totally removed as they will always device a new method to make it happen.

[darkangel11]

This could encourage clandestine betting on foreign platforms that accept crypto, outside the reach of national regulation.

Such laws encourage people to turn to alternatives, but luckily crypto is for all... so probably many people in Brazil will turn to crypto gambling,

Casinos will not be able to accept crypto, if I understood the new law right. How are they going to "turn to crypto gambling" if they can't deposit or withdraw crypto from a casino?
I bet that crypto casinos will be blocked in Brazil, since they won't have a license and the government will consider them to be in breach of the new law.

The only way for people to gamble anonymously will be to use a VPN and play in unlicensed casinos, but how many people are going to do that?

[bitbollo]

a similar law (restriction on the use of platforms - anti laundering etc) was also made in Italy...

Obviously to "protect" the bettor, in reality they have created a real "cartel" that is able to protect their interest and it is really complicated to find higher odds / events in this market compared to foreign markets.

as decentralized betting will gradually take his spot on the market, fewer and fewer people will be forced to use shameful - national platforms.

[ethereumhunter]

Well, it's true that if there's a will, there's a way. As long as people who want to gamble want to gamble, they will find other ways to do so; they could even go against the government, and for sure they can't be stopped. And you are right, there are many ways to access different casino sites outside of the country you are in, and one of the examples is the usage of VPN. But of course, do mind that before doing that, you need to know if the casino site you will access accepts the usage of VPN because there might be a problem if you encounter a casino site that prohibits that, and for sure your account will be locked or banned right away. So make sure to know the rules and regulations of a certain casino site first before getting into it, because some sites may even implement a strict rule about foreign rules.

Exactly what you said. When people wants to playing gambling but they see the barrier from the government, they will search for the other and makes sure that they can still playing gambling. Those who often playing gambling should see many cases out there and trying to search for the ways just in case if they will face it in the future. If they experienced that, they will not confuse and they can adapt with the situation and can still playing gambling without any problem.

Many people use VPN to access the gambling site because their country has been blocked by the government. They knows which casino sites that allow their customer using VPN so they will playing gambling on that site. They will not risks themselves to playing gambling on the site that they are not sure about the used of VPN is allow or not.

[Viscore]

Many people use VPN to access the gambling site because their country has been blocked by the government. They knows which casino sites that allow their customer using VPN so they will playing gambling on that site. They will not risks themselves to playing gambling on the site that they are not sure about the used of VPN is allow or not.

In my opinion, it's not a question of whether a casino allows the use of a VPN because most casinos do allow it. This is about masking your IP using a VPN to bypass restrictions on gambling in certain countries. If a casino is fine with that, then there's no problem. However, we have to bear in mind that they can always use that against us and could deny our winnings, especially if we win a large amount of money.

[EarnOnVictor]

The new brazilian law that regulates online betting excludes the use of payments with cryptocurrencies, bank slips, cash or any alternative deposit payment method that could hinder the origin of resources and government fiscal control over the platforms and customers of the casino.

This could encourage clandestine betting on foreign platforms that accept crypto, outside the reach of national regulation.

The rules are exclusive to casino companies operating in Brazil. Therefore, casinos outside this territory will not be affected and Brazilian users who have accounts in these casinos abroad can continue using these platforms, as regulations cannot stop them.

Once again the brazilian government is going against innovation and proving to be stupid.

Stupidity could be truly fitting for what some governments of many nations are doing, but to what end? If not poverty, corruption, no regard for the rule of law, control of court, laggingness and worse. For this, it pains me with what is happening in those countries. That is what we all have to pay for selecting the wrong leaders for such sensitive positions.

However, the clandestinity relating to cryptocurrency did not just start today and crypto by most nature also naturally gives room to that, it is the government that needs to be up and doing in this regard. But instead for many countries of the world to beat the technology or catch up with it, they will either turn a blind eye, clamp down on it or underregulate if at all they want to regulate. This is wrong and with this approach, there is no way those operating online won't be cheating the government.

Now, cheating aside, there should be some rules that will make everyone accountable (casinos/sportsbooks and customers). But depositing using physical cash, cryptocurrency and other online alternatives without strict regulation like what the central banks do with banks, then they are only wasting their time. The governneet may only see what the casino/sportsbook wants them to see. And it gets worse elsewhere where the governmenet official will take bribe to look away. That is the world we live in.

[ethereumhunter]

In my opinion, it's not a question of whether a casino allows the use of a VPN because most casinos do allow it. This is about masking your IP using a VPN to bypass restrictions on gambling in certain countries. If a casino is fine with that, then there's no problem. However, we have to bear in mind that they can always use that against us and could deny our winnings, especially if we win a large amount of money.

That's why we must make sure by asking to the casino if they allows their user to use VPN or they don't allows it. Some casino doesn't allow the use of VPN so we must avoids that casino and search for the other casino. That's for our safety from the blocked that the casino do for us.

Besides that, if our country doesn't allow us to playing gambling on some casino or our ISP blocks the casino, we don't have to visits the casino but we can search for other casinos that doesn't prohibits us to playing gambling on their casino. When we can gets the right casino for us and that casino have reputation, they will not lets their users from withdrawing our winning and casino doesn't asks for many requirements to us to process the withdrawal. That's why we must make sure everything before we select the casino.

[Rustam Meraj]

Exactly what you said. When people wants to playing gambling but they see the barrier from the government, they will search for the other and makes sure that they can still playing gambling. Those who often playing gambling should see many cases out there and trying to search for the ways just in case if they will face it in the future. If they experienced that, they will not confuse and they can adapt with the situation and can still playing gambling without any problem.

Many people use VPN to access the gambling site because their country has been blocked by the government. They knows which casino sites that allow their customer using VPN so they will playing gambling on that site. They will not risks themselves to playing gambling on the site that they are not sure about the used of VPN is allow or not.

I completely agree that gamblers will always find ways to bypass government restrictions. Instead of giving up they will always try to search for another methods to continue gambling. Experienced gamblers are aware of risks and actively seek solutions such as using VPN to ensure they can still access gambling sites even if they are blocked in their country. They are cautious and only use reputable casino sites that allow VPN avoiding sites that may put them at risk or may be scam. This determination and adaptability demonstrate resilience of gamblers in face of adversity.

[davis196]

The new brazilian law that regulates online betting excludes the use of payments with cryptocurrencies, bank slips, cash or any alternative deposit payment method that could hinder the origin of resources and government fiscal control over the platforms and customers of the casino.

This could encourage clandestine betting on foreign platforms that accept crypto, outside the reach of national regulation.

The rules are exclusive to casino companies operating in Brazil. Therefore, casinos outside this territory will not be affected and Brazilian users who have accounts in these casinos abroad can continue using these platforms, as regulations cannot stop them.

Once again the brazilian government is going against innovation and proving to be stupid.

For more details, access the full article here.

This is yet another example of a stupid gambling regulation/legislation. Maybe it is deliberately made that way, who knows.
AFAIK, this regulation isn't any better than most of the national gambling legislations around the world. No country in the world could stop online gamblers from registering accounts on foreign online casinos and moving their money abroad.
Banning cash seems weird as well. What would to happen to the Brazilian offline casinos, since cash is banned? Is offline gambling even allowed in Brazil?

[karabiber]

The proliferation of online crypto casinos has been accompanied by a decline in revenue for traditional casinos. Some countries are worried about this and often take steps to protect the interests of traditional casinos. I think it's all about taxation governments profit from legal casinos through taxation. But because online crypto casinos are decentralized, governments are unable to tax them. As a result, governments have declared war against decentralized structures. But governments forget that they cannot win the war against decentralized structures.

[ethereumhunter]

I completely agree that gamblers will always find ways to bypass government restrictions. Instead of giving up they will always try to search for another methods to continue gambling. Experienced gamblers are aware of risks and actively seek solutions such as using VPN to ensure they can still access gambling sites even if they are blocked in their country. They are cautious and only use reputable casino sites that allow VPN avoiding sites that may put them at risk or may be scam. This determination and adaptability demonstrate resilience of gamblers in face of adversity.

They will not stops search for the way that can helps them to keeps playing gambling no matters if they breaks the prohibition. They must trying to calms down themselves for a while, especially if there is new regulation related to gambling and they must learn the regulation so they don't have to break the regulation. Although they can use VPN to ensure they can still access gambling, they must be careful because their government can working with their ISP to watch their citizen while their citizen use the internet.

An experienced gambler will not takes the risks if they see that they may breaks the regulation and will not playing gambling at some casino. Those gamblers can adapt to the situation and will not trying to force themselves to keeps playing gambling while the situation is not good for them. But that will not works for people who can't understand the betting law as they will still find a way to keeps playing gambling.