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Predictions About the Future of Online Gambling in Brazil

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What Brazil online casinos offer?

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What is the gambling age in Brazil?

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Brazil has a poor banking system. Most citizens have normal bank accounts, but only a few lucky ones have credit cards. Credit card transactions are growing in popularity and are even accepted by some online gambling companies.

The first step to have a bank account is to open a small company. The smallest company that is accepted by the banks is called micro-company and it has only one representative. Once you are accepted, you can open a normal personal account. Even if you don't speak any Portuguese at all, it is very easy to open one, since all you have to do is to go to the bank and show some official identification with your address and date of birth and the bank employee will take care of the rest. For a small monthly fee, the bank will also open an account for your company.

History of Gambling in Brazil

Although it is a relatively new market, the Brazilian online gambling market is growing rapidly. New sites are being launched every month and most of them cater to international players. Brazilian online casinos are part of large international companies and offer most common casino games as well as sports betting, dice and lotteries, you can play poker there too.

There are many different online gambling sites in Brazil, but only a few of them are known to players from outside the country. Brazil has strict gambling laws, so new gambling websites are launched regularly. The following gambling sites are all reputable and offer a wide range of games.

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Online Gambling Laws and Regulations in Brazil

As the population in Brazil grows, so does the online gambling market, but only a few companies serve the Brazilian market. All of them are big companies and most of them cater to foreign players, because the Brazilian legal framework for online gambling is weak and not many companies want to be the first to offer their services to the Brazilian market.

Games that are only allowed in Brazil are BINGO, lotteries and certain sports betting. If you're looking for online slots and table games, you should try any of the international sites.

It is extremely hard to run an online gambling website in Brazil with a good level of security and customer support.

Predictions About the Future of Online Gambling in Brazil

The future of online gambling in Brazil seems to be on the rise. New gambling websites are launching on a weekly basis and the industry seems to be self-regulated at this point.

All gambling websites in the country must follow several strict guidelines, including having a Brazilian arm and only offering games that are allowed in Brazil. All websites must also appoint a local contact in the country, that is responsible for advertising and taking care of any disputes between the company and the players.

The government has not expressed any serious intention to crack down on online gambling. There is talk of a possible new law in the future, but as it stands now, the industry is not regulated and the only thing the government can do is block certain domains if they suspect something fishy is going on.

Brazil Casinos FAQ

faq-question ❓Is land-based gambling allowed in Brazil?❓
NO, land-based gambling of any kind is not legal in the country.
faq-question ❓Is online gambling allowed in Brazil?❓
Yes, of course. All games are available at all platforms including online casino, online sports betting and online lotteries. Just like land-based gambling, online gambling is heavily taxed by the government. Companies selling lottery tickets, online sports betting and online casinos must be based in the state where they offer their services. Because of this, there's a lack of choice and most customers prefer to play at foreign-facing sites.
faq-question ❓Are there safe Brazil mobile casinos?❓
Yes, playing via a mobile phone is very simple and safe. Usually, you will be able to perform the same set of operations as on the full versions of the site. As a result, only Internet access is required to carry out all necessary operations. There is also no doubt about the safety of funds, because it is easy to control your balance in your personal account.
faq-question ❓What is the main online gambling authority in Brazil?❓
The regulatory body in Brazil is the Brazilian Institute of Gaming Technology (IBPT). The organization oversees all gaming laws and issues licenses to operate.
faq-question ❓What are the online gambling laws in Brazil?❓
In Brazil, gambling is legal as long as it's run by a legal entity. For operating online in the country, most companies turn to iG, the government's gaming partner. Odds are, you won't be able to open an online sports betting or casino site in the country without a government license. However, it is possible to offer a limited selection of games and cater to residents only.
faq-question ❓What is the online gambling age in Brazil?❓
Yes. It is illegal to offer gambling services to anyone under 18. Those under 18 are not allowed to create an account, register as a player, access betting platforms or have access to financial information. It is also illegal to help anyone under 18 gambling and if authorities suspect you've done so, you could be held responsible. Opening an account for someone under 18 is a punishable offense, while providing the means for a minor to gamble carries a fine.
faq-question ❓Is it safe to play in online casinos in Brazil?❓
Yes, it's safe to play at any of the regulated online casinos in the country. The Brazilian government has partnered with a private company to oversee the market. This company, called the Brazilian Institute of Gaming Technology (IBPT), publishes all gambling related gambling laws, sets all online gambling regulations and ensures that all companies are abiding by these rules.
Ted

Author & Guarantor: Ted