Depending on the success of the regulation, it will not hesitate to proceed with an outright ban if the objectives are not achieved
The president Luiz Inácio Lula da Silva reiterated a strong commitment to sports betting in Brazil. Depending on the success of the regulation, it will not hesitate to move towards an outright ban if the objectives are not achieved. This statement has been released San Bernardo do Campowarning of the social and economic impact of the betting industry.
Around 2,000 betting sites will be deactivated in the near future, a drastic but necessary measure to organize the sector. The decision highlights the concern to ensure that casinos operate in a serious manner, protecting citizens from abusive practices and the financial integrity of Brazilian families.
What is the impact on Bolsa Família?
The concern is not just normative; Lula highlighted a crucial issue: the impact of gambling on families who depend on the Bolsa Família. In August, according to data from Central BankAn astonishing R$3 billion was spent on bets made by beneficiaries, via transfers via Peeves. This revelation highlights the complexity of the problem.
The use of this resource intended for subsistence for betting implies a more in-depth investigation into the financial behavior of the beneficiaries and the urgency of public policies that guarantee a more prudent use of the funds intended for family support.
Why is gambling addiction considered a disease?
Lula emphasized that gambling addiction can be treated as a “disease”, reflecting on the stories of people who have lost their assets and financial stability due to gambling. This perspective leads us to consider the growth of gambling as a public health problem, comparable to other addictions that require specialized attention.
The President highlights the need for a multidisciplinary approach, in which health and education play a key role in mitigating the risks associated with addiction. It is essential to create programs that educate and support those affected, preventing the problem from worsening.
The future of betting in Brazil: regulate or ban?
The Minister of Finance, Fernando Haddadhas already announced the imminent removal of several illegal websites, reinforcing the government’s commitment to regulating them. Websites that have failed to comply with their obligations or whose requests for authorization have been rejected will face blocking from 11 October 2024. The move reflects a step towards effective regulation, although it represents only the beginning of a journey complicated.
We are moving towards a regulatory framework capable of offering safety and benefits to all involved. If successful, this regulation could prove to be a balanced solution between market freedom and consumer protection.
Source: Terra
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