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.

[JollyGood]

I do not want to give the impression I agree with everything the Brazilian government has proposed regarding betting in general but if they implement rules that want to keep records on citizens betting spending it is not progressive at all. They should find better ways to keep an eye on possible criminal activity including money laundering. If they are not careful, in the end people will find ways to play/bet/gamble elsewhere with a degree of privacy in non-Brazil based regulated entities therefore it will mean less tax revenue for the Brazilian government. I doubt the Brazilian government want that.

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

[goaldigger]

I do not want to give the impression I agree with everything the Brazilian government has proposed regarding betting in general but if they implement rules that want to keep records on citizens betting spending it is not progressive at all. They should find better ways to keep an eye on possible criminal activity including money laundering. If they are not careful, in the end people will find ways to play/bet/gamble elsewhere with a degree of privacy in non-Brazil based regulated entities therefore it will mean less tax revenue for the Brazilian government. I doubt the Brazilian government want that.

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

This could be the next move to those gamblers who still want to use crypto as their funds to gamble, and yes this could mean less taxes to collect for Brazilian government, they must think for a more innovative way to address this instead of sticking to the ancient way. Technology is growing and the only to survive is to adopt slowly but surely. Let's see if they will succeed on this or the unaccounted gambling activities on that country will increase because of this new law.

[Forsyth Jones]

But isn't that to protect national economic interests? because a country has the right to protect their interests and prohibit anything other than their currency from being used in various industries, and especially in the gambling industry, so there is nothing too problematic about their decision. Moreover, such regulations do not really affect online casinos, since they only limit casinos operating in their territory, while the majority of casinos are based in Curaçao or other countries outside Brazil and Brazilians are still free to use online casinos that support crypto.

I share the same opinion as this guy here:

In my country (Australia) ALL gambling winnings and profits are 100% tax free.

You don't have to declare it because it is considered a hobby.

In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.

If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.

Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?

And I add my opinion:

I agree with OP. I'm tired of discussing this, taxes on gambling is the most absurd thing you can think of, the chances are 50/50 to win or lose in a game, when you lose your bet, the government doesn't reimburse you.

The government acts like a mafia partner that forces us to include it in our profit shares, we already pay enough taxes to support the state apparatus and we don't get the expected return.

For a change, a law that looks more like a botched job made by politicians who do not understand what they are regulating. We know enough about that in Europe. I bet they will come up with another regulation in a few years, when they realise how much they are missing with users playing on cryptocurrency platforms.

You can't put doors on an open field.

When regulators change regulations in the sector all the time, we know that this is a strong accusation that, in addition to not disclosing the matter, they are pushing solutions without any logical basis that have never been tested before, which could destroy the sector.

Not just encourage but will definitely happen, think of it like this, the more you tighten your grip on something that you want to control then the more that they want to resist which in this context would pave way for off shore betting so as to prevent surveillance or the regulation from reaching those people. This will also make the illegal elements much more creative on how they're going to use that regulation in their favor if evasion of the regulation isn't possible. As always, just another problem regulation that's made without any knowledge from the people that would care about it the most.

They are literally asking for it.

sorry if this is a little off topic but is anyone here from Brazil? I am curious, what is Pix? I saw it in the article and while reading through it, I got the feeling that someone wants to pass(or have passed) this law to make gambling bettors in Brazil use Pix more often. also, I can't help but think that this will not stop with online gambling.

Are you talking about the gambling board as a whole? Yes, it has a dozen of them who are very active here.

Pix is ​​an instant payment protocol created by the Brazilian central bank, resources are transferable between payments debited from the payer's balance and credited to the recipient's account.

One of the ways to transfer money via Pix is ​​to link the CPF (Cadastro de Pessoas Físicas - Registration of Individuals, a tax document here in Brazil), telephone number, email or random key which is known as Virtual Payment Address (similar to the crypto receiving address ) is formed by an ordered sequence of 32 characters between numbers and letters.

[JollyGood]

In the end, all governments have to move with the times yet have to maintain ways to balance their agenda with perceived or potential concerns such as money laundering and other criminal activities. Surely they know their citizens will use VPNs to access foreign gaming/betting websites because modern technology is evolving therefore on that basis alone their plans seem somewhat draconian.

This could be the next move to those gamblers who still want to use crypto as their funds to gamble, and yes this could mean less taxes to collect for Brazilian government, they must think for a more innovative way to address this instead of sticking to the ancient way. Technology is growing and the only to survive is to adopt slowly but surely. Let's see if they will succeed on this or the unaccounted gambling activities on that country will increase because of this new law.

[Huppercase]

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 looks more like scrutiny to reduce crypto casino but they don't want to comes straight because if you check mate the numbers of deposits and withdraws from this list they mentioned payment options, crypto will take all the transactions before the remaining ones will have a place but see how they are beating around the corner but I still think even with this, people will not listen and that's the reality, there are something that are just to real to kill from existence.

The government is not going against innovation but they fear how fast new innovation is growing fast and it's claiming all there territory and it has become a concern for them to look into and because they can't control it, they decide to ban it from users but can you really ban what you didn't even create, it will only limit the use but I'm very sure there are people who wouldn't see this as nothing from there day to day gambling in crypto casino.

[wxa7115]

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.

Politicians all over the world need to adjust the way they think, it seems they believe they own their citizens, when it is the citizens the ones that own the government, and with that flawed thinking they pass ridiculous laws like this.

But at the end it does not matter, because those that may like to retain some level of privacy or at least deny the Brazilian government of any benefits they may get from the casinos established on Brazil, can avoid doing so by simply gambling in one of the many different cryptocurrency casinos available.

[Forsyth Jones]

Politicians all over the world need to adjust the way they think, it seems they believe they own their citizens, when it is the citizens the ones that own the government, and with that flawed thinking they pass ridiculous laws like this.

But at the end it does not matter, because those that may like to retain some level of privacy or at least deny the Brazilian government of any benefits they may get from the casinos established on Brazil, can avoid doing so by simply gambling in one of the many different cryptocurrency casinos available.

Politicians are not concerned about whether what they think is right or wrong, what they want is control over the population, the state is a bubble, the more individuals give them approval, the more their influence grows to the point of commanding and dismantling in your life as if you were their property.

Bitcoin is just a response to the centralized control of money through central banks and as it is something that they cannot stop and cannot do anything about, they are left to stop citizens from using it little by little until it becomes unviable, but the market There's always a way to reverse it, there's no way to put a door in an open field.