An update on the Brazilian casino regulation

Legally or illegally, online casino is present in pretty much every part of the world. In the case of Brazil, things are somewhere in between. With a population of 209 million, it’s obvious that this country has huge potential regarding betting, 토토 especially if we consider the nation’s gaming mentality, which gives special treatment to entertainment.

At the same time, Brazil is still a developing country, with a lot of problems. So, it would be unreal to expect good online casino regulation when there are much bigger problems that trouble Brazilian government. That’s why casino legislation is still in the grey zone. In other words, citizens of this country are neither allowed nor disallowed to gamble online.

Is Gambling Legal In Brazil?
Officially, gambling has been prohibited since 1945. However, things started to change in the last few years. These days, we can see that sports betting is legal and that many expect that online sports betting will soon be allowed as well. We may expect online gambling to be regulated in the future as well despite the resistance in certain circles. The reason is simple – Brazilian’s are already enjoying online gambling and no government can afford not to collect taxes, especially in a developing country with 200 million citizens. According to some estimation, the Brazilian online casino market is worth between 6 and 12 billion dollars. Furthermore, some legal betting operators in offering online casino (see here), so the there is really what you’d call a grey zone.

There were few attempts to put online gambling under control in the past decade but none of these attempts was successful. Simply, this government doesn’t have enough resources to deal with such a big problem.

What To Expect In The Future?
So, what to expect in the future? At this point, it’s hard to make a precise prediction but we are pretty sure that the government will try to regulate online gambling as soon as possible. We presume it will follow the example of the countries that have already regulated this field and that the set of laws won’t be significantly different. In other words, we presume that the licensing method will be applied and that a regulatory body will be formed and responsible for their issuing. The same body should ensure certain standards operators will have to meet and we have no doubt that players’ safety and fair service will be one of the top priorities.

Is It Possible To Play An Online Casino Right Now?
As we’ve just mentioned, the Brazilian government doesn’t have the resources to deal with abroad operators. It doesn’t have the capacity to prosecute all the citizens that play online either. So practically, the online casino is currently in a grey zone, like in many other countries of the world.

This means that Brazilian citizens can gamble online without worries. A good thing to know is that the number of online casinos that accept players from this part of the world is pretty big. Allegedly, there are nearly 200 online casinos that offer versions of their websites in the Portuguese language.

Another good thing to know is that many of these operators are highly reputable names in the business. The list of major casinos that accept players from Brazil allegedly includes names like LeoVegas and 888.

LeoVegas is one of the most popular online casinos among Brazilian players. The reasons are quite obvious. We are talking about one of the major names in the business, about an operator that has so many things to offer to players.

This casino offers more than 500 slot games from the highest-reputable providers. Some of the most popular titles are included, such as Starburst, Book of Dead, Arabian Nights, Mega Moolah etc. There is also a nice selection of table games on offer. You may count on 23 blackjack games, 5 poker variations, 3 baccarat games and more. Besides casino games, LeoVegas is also a major bookmaker, which has all kinds of sports betting offers in its portfolio.

This casino has gained some of the most prestigious licenses, including those issued by the UK Gambling Commission as well as The Malta Gaming Authority. Also, it has Ireland’s and Denmark’s sportsbook licenses.

When it comes to payment methods, this casino accepts various kinds of e-wallets, Trustly, credit cards, bank transfer etc.

888 is a global brand, which operates all around the world. Therefore, it’s no wonder that it possesses all kinds of licenses, in countries like Gibraltar, Germany, Italy, Spain etc.

This online casino has a fine selection of games, starting from hundreds of slot machines. All of them come from highly reputable developers, such as Playtech, NetEnt, 888 Gaming, IGT (WagerWorks), WMS, NextGen Gaming, Blueprint Gaming. Besides numerous slot machines, you may count on a nice selection of table games, as well as on video poker and live casinos.

Also, this casino is highly convenient when it comes to deposing and withdrawal options. You have a pretty big choice that includes credit cards, bank wire transfer, Paypal, Skrill and several other e-wallets. This is a Pay N Play casino, so you can use Trustly as a payment method as well.

So, the final conclusion is that the Brazilian online casino market will be regulated in the relatively near future. Meanwhile, it will remain in a grey zone – prohibited officially, legal in practice. All in all, players from this part of the world may enjoy online casinos, as the offer of operators is pretty big, with all of them trying to provide the best possible experience for the market that will definitely skyrocket in the future.