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November 11, 2024
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STF promotes public hearing on online betting market

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The Federal Supreme Court (STF) will hold a public hearing this Monday (11) to debate the betting market online (bets) in Brazil. The hearing was called by Minister Luiz Fux, rapporteur of the process on the issue. Based on the information collected at the hearing, Fux will prepare the vote and release the case for judgment. The voting date has not been set.STF promotes public hearing on online betting market

The opening of the hearing is scheduled for 10:20 am and will begin with the presentation of the arguments of the National Confederation of Commerce in Goods, Services and Tourism (CNC), author of the action.

Next, the president of the Federal Court of Auditors (TCU), Bruno Dantas, the minister of Human Rights and Citizenship, Macaé Evaristo, and representatives of the portfolios of Racial Equality, Health and Social Development, as well as the secretary of Prizes and Bets from the Ministry of Finance, Régis Dudena.

From 2pm onwards, the audience will focus on the economic aspects of electronic betting. Representatives of the Central Bank, the Financial Activities Control Council (Coaf), the state lotteries of Paraná and Rio de Janeiro and the Brazilian Federation of Banks (Febraban) will have the floor.

Aspects linked to the mental health of gamblers will be discussed with representatives of the Brazilian Psychiatric Association (ABP) and the Brazilian Association for the Study of Alcohol and Other Drugs (Abead).

Entities that represent the sector, such as the Brazilian Institute of Responsible Gaming (IBJR) and the National Association of Games and Lotteries (ANJL), will also participate.

On Tuesday (12), the debates will continue and will feature representatives from Fluminense, Botafogo and Cruzeiro. Practically, all Brazilian teams are sponsored by bookmakers online.

Regulation of the market for bets in Brazil it is discussed in the Supreme Court through a direct action of unconstitutionality filed on September 24th by the CNC.

The entity questions Law 14,790/2023, the rule that regulated betting online fixed quota. In the action, the CNC says that the legislation, by promoting the practice of gambling, causes negative impacts on less favored social classes. Furthermore, the entity cites the growth in household debt.

According to a survey released in August this year by the Central Bank, Bolsa Família beneficiaries spent R$3 billion on bets.

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