The search for fun and excitement is constant and online betting has grown as a form of entertainment that goes far beyond the act of betting. Last year alone, this market moved more than R$100 billion and that’s just the beginning. Betting represents a universe of possibilities, as well as a social experience that connects people with similar interests around the world, but it needs to be used responsibly.
Online gaming is more than just placing money on an outcome, it is a form of entertainment that should be enjoyed responsibly. At Sportingbet, we are committed to creating an experience that is safe, fun and, above all, a celebration of sport and the community it creates.
We have been committed to showing consumers that the world of betting is a viable and fun option, just like any other in the entertainment industry. The recent regulation in Brazil is an important tool for this approach, and is seen as a crucial step in demystifying the market, showing that it is no longer illegal, like the casinos of the past. With the publication of Provisional Measure (MP) No. 1,182/2023, the Federal Government regulated fixed-odds betting, known as the betting market. This means that all bookmakers now play by the same rules, ensuring greater trust and security for bettors.
Furthermore, the regulation will allow the country to collect taxes from the betting industry. Annual revenue is estimated to range between R$6 billion and R$12 billion in a fully regulated market. These amounts will be a new source of revenue for the country’s budget. Betting companies will have to report to the Ministry of Finance, which will create a department responsible for analyzing documents and approving or rejecting the accreditation of betting companies in the country. This department will also monitor the volume of bets and revenue, ensuring greater control over the market.
Sports betting has a long history, but it was the internet that transformed this pastime into an activity accessible to everyone. With just a few clicks, anyone can dive into this universe, for fun or as a hobby. But it is important to remember that, like anything in life, betting requires patience and moderation.
Patience is a virtue, especially in the world of betting. It’s not about winning quickly, but about understanding the process, learning from mistakes and celebrating victories, no matter how small. Betting should be viewed as a marathon, not a sprint.
The main purpose of online gambling should be to have fun. It’s a way to add an extra layer of excitement to watching a sporting event or playing a game. When fun is the priority, online gambling falls in line with other forms of online entertainment, such as gaming and video streaming.
We are committed to providing a safe and responsible platform for our users. We implement rigorous measures to ensure that the betting experience is not only fun, but also safe. We encourage everyone to gamble responsibly and provide tools to help you stay in control.
* Article written by Antonio Forjaz, Country Manager at Sportingbet
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