In addition to all the expertise of those who spoke during the meeting, showing success stories and important cases in the regulation of sports betting, I heard from the Federal Deputy Evandro Roman himself, who is responsible for holding the audience and although it is not something official, the government has been waving with the possibility that regulation of online betting takes place within a period of three months and not the two-year rule following the publication of the law that approved the activity.
If before our horizon was distant and gave us the impression that it would never arrive, at the end of the meeting I realized that the dynamics has changed and that, indeed, we can reach, at the beginning of the second semester, the much dreamed regulation of the online gaming sector.
For those who support and been fighting for so many years seeking the regulation of all gaming activities in Brazil, winning a first round with online betting is a clear indication that all battles so far have strengthened the sector and that the country will enter the list of countries that have been standing out in sports betting. We have seen progress in the United States, where the states have been discussing this new moment, while at the same time we have the good example that is Colombia, which recently approved a similar law and today almost two dozen operators are offering Colombians a playfulness activity while at the same time delivering wealth to the country.
The experiences are there and were commented very well yesterday afternoon in Brasília by important actors of the sector, who were in Brazil’s capital city for a work of enlightenment that is being crowned with success.
To this victory of the ideas will be added others, since the groups are cohesive and with a proactive speech of great scope. I am sure they will add to these other ideas that will also broaden the understanding that gaming activity is beneficial to Brazil from an economic point of view, since it generates so many jobs and taxes. And I am convinced that in the next edition of the upcoming Brazilian Gaming Congress, we will have even more news and maybe a reinforcement in the concepts for a serious regulation for the sector in Brazil. You can bet on that.
Carlos Cardama, GMB CEO
