Lawyer Ana Gatti, specialized in gaming law and administrative director of the Brazilian Diversity Institute (IBD), was also director of operations at Abrabincs (Brazilian Association of Bingos, Casinos and Similars). In an article published in Folha de São Paulo, she analyzes the recent regulation of the iGaming sector in Brazil. Thus, Gatti highlights the economic and social opportunities of online betting created by Law 14,790/23.
Firm steps towards the future of the online betting market
The iGaming market in Brazil, made up of online games, is here to stay. The promulgation of Law 14,790/23, at the end of 2023, marked the first important step towards regulating the online betting sector in Brazil.
However, in 2024, this legislation is being complemented by a series of ordinances that establish detailed rules and guidelines for the development of the sector. The new rules deal with topics such as preventing money laundering, manipulating results and protecting players.
In other words, they also reinforce the importance of responsible gaming, creating a safe and transparent environment. In this way, Brazil continues towards a billion-dollar market with high growth potential.
Regulation of the iGaming sector is not just a legislative advance, but an opportunity to boost the Brazilian economy. According to Ana Gatti, its impact goes beyond casinos and lotteries, encompassing an industry capable of generating jobs, innovation and benefits for various sectors.
Brazil has the potential to become a technology hub for online games, attracting investment and fostering innovation. The iGaming market can generate thousands of jobs, positively impacting the economy and the entire production chain. However, regulation is essential for this economic and social growth.
How regulation will prevent irresponsible use of platforms
Regulation not only brings economic benefits, but also focuses on consumer protection. Tools to prevent compulsive gambling and alerts ensure a safer environment. Therefore, inspection and support and treatment programs are also important advances of the new law.
The measures aim to protect consumers and prevent addictions. Clear legislation on advertising also combats manipulation and illegal activities. Although Brazil was late in regulating, this allows it to learn from the mistakes of other countries, such as the United Kingdom, with its constantly evolving legislation.
Brazil can rely on the strict legislation of countries such as Italy and Spain, which have already regulated both online and in-person betting. This broad approach would help avoid errors and allow the creation of an efficient, safe and sustainable regulatory model, ideal for the country.
The lawyer ends her text with an optimistic look at the future of online betting in Brazil: “With a fair and modern look, we found an excellent opportunity to not depend solely on luck to build the country. Brazil has all the cards up its sleeve to be a leader in the global online gaming market”, concluded Ana Gatti.
