In the high-stakes world of Brazilian politics, few issues spark as much controversy and moral ...
In the high-stakes world of Brazilian politics, few issues spark as much controversy and moral posturing as the debate over online casinos. Historically outlawed in Brazil, the industry has long operated in the shadows, thriving in offshore havens and unofficial gaming dens. But in recent years, a seismic shift in public and political discourse has brought the idea of legalizing online casinos—and taxing them—into the spotlight. Large casinos, such as Bet365, Parimatch, Betsson, and Betano, have already submitted applications for licensing. As Brazil grapples with economic uncertainty, populist parties are eyeing a potential jackpot: the so-called “sin tax” on gambling. But is there really any benefit to be gained? Or is this just another populist ploy to fatten the state’s coffers while exploiting vulnerable citizens?
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