Key Aspects of the New Legislation

1. Legalization and Regulation: The new legislation will legalize the operation of online casinos, which previously operated in a legal grey area due to the lack of specific regulations. With the final approval, the market is expected to become more structured and safe for both operators and players​ (Casino.com.br)​​ (Âmbito Jurídico)​.
2. Licensing Requirements: Online gaming platforms will need to obtain licenses to operate legally in Brazil. These licenses will be issued by the federal government, which will set stringent criteria to ensure the integrity and security of the operations​ (Âmbito Jurídico)​.
3. Player Protection: The new law includes measures to protect players, such as self-exclusion mechanisms, deposit limits, and awareness campaigns on responsible gambling. These actions are aimed at mitigating the risk of gambling addiction​ (Casino.com.br)​.
4. Economic Impact: The regulation of online casinos is seen as an opportunity for Brazil to tap into a lucrative market. It is expected to generate new tax revenues, create jobs, and stimulate tourism​ (pt.casino.guru)​.
5. Challenges and Expectations: Despite the progress, the new law faces challenges, including the need to overcome cultural and political resistance. However, experts are optimistic that the regulation will provide a safer and more regulated environment for online gambling in Brazil​ (Casino.com.br)​​ (Âmbito Jurídico)​.

With the Senate’s approval still pending, the sector is eagerly awaiting the full implementation of the legislation, which could drastically transform the landscape of gambling in Brazil.