Brazil will consider legalizing online gambling under a bill under a bill from Progressive Party Senator Ciro Nogueira that would authorize the state to legalize and tax online sports betting, casino and bingo products.
Brazil had been operating under a law that left online gambling transactions with international gambling sites subject to the law in which the site were licensed. However, the country passed a law in April making the transactions subject to Brazilian law.
The only online gambling now allowed in the country is are horseracing, lotteries and poker tournaments.
The bill would tax online gambling revenue at 10 percent, with the federal government taking 7 percent the province in which an online operator is licensed taking 3 percent.
Meanwhile, Argentina and the country’s Associación de Loterías, Quinielas y Casinos Estatales (ALEA) is looking for a national online gambling system to replace a system of 23 provincial jurisdictions, plus an independent platform in Buenos Aires – that currently holds sway.
Last week, ALEA representatives began work on a proposal for federal regulation of online gambling saying the current system needs the order of unified regulations.
