The article discusses the legality of sports betting in Brazil and how it differs from gambling. The author points out 🌜 that sports betting is legal in Brazil, however, it is not considered gambling, as the odds are fixed and not 🌜 based solely on chance. The article also compares and contrasts sports betting with gambling, highlighting the difference in dependence on 🌜 chance, registration, and transparency, and basis in statistics.
Furthermore, the article touches on the current legislation and new proposals regarding sports 🌜 betting. It mentions the Law 14.790/23, which was sanctioned in December 2024, allowing private companies to operate sports betting online 🌜 and in physical establishments, such as casinos and betting houses. This measure aims to increase tax revenue by regulating sports 🌜 betting.
Overall, the article provides clarity on the legality of sports betting in Brazil and highlights the potential for increased tax 🌜 revenue through regulation. It also emphasizes the differences between sports betting and gambling.
Please feel free to provide feedback or contribute 🌜 to the discussion in the comments section!
