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Brazil is one of the largest countries in the world and it is constantly striving to build self-sufficiency in terms of its economy, reducing the influence of illegal businesses, which operate in many professional fields. Gambling is very popular in the country, which is part of the reason why the citizens have an affinity for casino games. This itself means that the state needs to introduce adequate regulation but also respond to the needs of the market and customers.
The casino industry is well-developed in Brazil, which is why we are about to look at some important points that would be of interest to all players using gambling services in the country.
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There is no specific legislation in place yet that affects the gambling industry in Brazil but the proliferation of such activities is being monitored there. Brazil is a country with big traditions in gambling, with horse racing and lottery betting being organized there since the 1940s.
However, things have changed a lot since then. Nowadays online casino games are the most preferred. Reports suggest that land-based casino halls and online sites are still not allowed under article 50 of the Brazilian Criminal Misdemeanour Act.
On the other hand, poker is completely exempt from restrictions in Brazil, as it is categorized as a game, based on the players’ skills and not solely on luck. Nevertheless, foreign companies can freely operate in the country if they respect the restrictions in the sector.
