Brazil's gambling legalization "at risk"
According to the Abrabincs representatives, the regulation of gambling in Brazil faces “imminent danger” given the fact that the Rio Grande do Sul resolution establishes that “the exploitation of games of chance does not account for a crime,” thus paving the way to considering the legality of such activities.
“Every limit to the exercise of an economic activity must be justified by the law,” the text read.
“It is in such sea of uncertainty that two important bills are currently being debated to create a legal framework for the sector. If the country loses the control over the regulation of games of chance (…), we will be facing diverse problems.”
“We are about to lose the control over the sector and with that a unique opportunity to bring responsible investors and market agents with consolidated experience to the country, capable of creating employment and money,” the lawyers pointed out urging lawmakers to carry out all the “necessary adjustments” and consider “the best international experience” in the field. “There is no time to wast,” they said.
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