Online gambling a real possibility in Brazil
Nogueira believes the resulting tax windfall could mean an extra US$ 6.75b in government coffers.
International betting sites had long enjoyed a loophole in Brazilian law that made all online transactions subject to the law in which the site was licensed, but this practice was curtailed in April following passage of the country’s ‘Marco Civil’ aka Internet Bill of Rights, which made all online transactions subject to Brazilian law and gave the state the authority to block sites accused of flouting local conventions. The only currently permissible forms of gambling in Brazil are horseracing, lotteries and poker tournaments.
Given that the World Cup infrastructure costs left the country USD 13 billion in the red and preparations for the 2016 Olympics are incurring equally astronomical debts, Nogueira may find his audience a little more receptive this time around.
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