Is it legal to place sports bets in Brazil?

Online betting has exploded in the past decade as technology has improved and the internet has evolved from luxury to necessity. Many countries around the world have different approaches to regulating online gambling. In Brazil, gambling has taken a more restrictive approach over the past few years. However, times have changed and the internet has brought new opportunities to Brazilians with the most varied sports betting sites . Let's take a look at how Brazilians are betting today!

Origin / History:of gambling in Brazil

Being a country synonymous with sporting success, it is no surprise that Brazil has maintained a strong gaming culture over the centuries. Bets and competitions go hand in hand and, until the end of World War II, the game was legal in the largest country in South America.

When the Social Democratic Party was elected here, a change of approach was implemented, with the vast majority of forms of gambling being banned. Soon after, betting activities were banned even further, with all traditional casinos made illegal, leaving only the lottery and horse racing as a means by which individuals could speculate. Even before World War II, in 1941, all unregulated sports betting activities had been made illegal under the Penal Contravention Act. This legislation, although amended, is still active today.

The 90s saw the rise of video game machines. A legal loophole that allows bingo machine companies to work if they sponsor amateur sports teams or events, facilitating the expansion of video-style bets, with more than 1,000 bingo centers across Brazil. A brief bribery scandal in 2004 resulted in a ban on bingo, but demand and established business soon ensured that the ban was a temporary measure.

When the internet really started to take off shortly after the turn of the millennium, Brazilian authorities were ill-equipped to deal with censorship and regulation of their citizens' online gambling activities. Obviously, the technological advances that resulted in this new betting method could not be explained and soon became a subject of discussion in the Brazilian government.

So, can I place a bet?

Absolutely. As mentioned, these online bookmakers want a piece of the Brazilian cake and have made their websites friendly to customers who log in to Brazil. For example,  the main bookmakers Unibet, Willian Hill and bet365 are very accommodating, offering the option of depositing on their website using the currency of the Real (BRL). In addition, the vast majority of bookmakers provide a translation of their websites into Portuguese.

With the confusing climate regarding the use of credit and debit cards to fund betting accounts, Brazilian customers may want to proceed with caution and use alternative payment methods - many are available.

It is estimated that 80% of Brazilians use national payment methods, and most large-scale bookmakers know this. Boleto payment is the most popular means by which Brazilian customers can make secure payments to online betting sites. The boleto makes it easy to move funds from bank accounts to other companies and does not require a credit / debit card.

Despite the legislation regarding debit and credit cards, some sites still offer Brazilians the option of depositing using a bank card, 토토사이트365 a fast and secure process when using an established bookmaker. Just choose yours and start placing bets!