Brazil gambling industry defends betting law

In a two-day Supreme Court hearing examining whether Brazil's betting laws are unconstitutional, a number of prominent figures from the country's betting industry have defended the country's betting laws and the upcoming legal sector.
Federal and state regulators discussed the industry's worth on the first day of the meeting, voicing concerns about the black market and the potential rise in illicit betting if the betting law were repealed.

 

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During a two-day Supreme Court hearing in Brazil, industry leaders defended the country’s betting laws, which are under scrutiny for potential unconstitutionality. Federal and state regulators emphasized the economic value of the legalized betting industry while warning against the risks posed by a repeal. Concerns were raised that abolishing the law could lead to a surge in black-market betting activities. This session highlighted both the advantages of regulated betting and the challenges that could arise from increased illegal gambling.