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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!
Chip Romig, MMR 423
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