English Edition I For several decades, Brazil has been living the dilemma of so-called gambling legislation. Dozens of bills have been sponsored and some are still being debated in Congress. The prohibition against games of chance only applies to private enterprise. The Misdemeanor Act prohibits games of chance run by private enterprise. Lotteries are permitted, as long as they are run under state Loterj is the most famous or federal run by the Federal Savings Bank monopoly. Reality, however, is that virtually all the lottery games run badly by the Federal Savings Bank are games of chance, as the Misdemeanor Act defines them: games of which the result depends solely or preponderantly on luck.
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The Spectrum Gaming team, made up of investment consultants and bankers, including those present in Brazil, recently revealed news about the gaming and sports betting market in the country. According to information from Spectrum Gaming, sports betting is advancing and it is believed that the regulatory process will continue in progress, as the Brazilian government seeks additional sources of income amid the new coronavirus pandemic. There are already projects in the National Congress that propose the legalization of game modalities and that part of the collection of taxes be destined to social programs aimed at reducing the impact caused by the health crisis. For the games and sports betting industry, Brazil remains the most attractive market due to its large population and, mainly, because the prospects for building new integrated hotel complexes in Japan have stagnated. Spectrum Gaming is an independent consultancy specializing in the economics, regulation and policy of legalized games around the world. The group has been offering professional research and services to clients in the public and private sectors since In addition, the company provides a broad industry perspective for all projects, having worked in 36 U. Employing renowned experts, Spectrum serves state and national governments, casino operators, suppliers, regulators, developers, investors and other related professionals in all sectors of the global gaming industry.
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