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The article discusses the legality of sports betting in Brazil and how it differs from gambling. The author points out πŸ”‘ that sports betting is legal in Brazil, however, it is not considered gambling, as the odds are fixed and not πŸ”‘ based solely on chance. The article also compares and contrasts sports betting with gambling, highlighting the difference in dependence on πŸ”‘ chance, registration, and transparency, and basis in statistics.

Furthermore, the article touches on the current legislation and new proposals regarding sports πŸ”‘ betting. It mentions the Law 14.790/23, which was sanctioned in December 2024, allowing private companies to operate sports betting online πŸ”‘ and in physical establishments, such as casinos and betting houses. This measure aims to increase tax revenue by regulating sports πŸ”‘ betting.

Overall, the article provides clarity on the legality of sports betting in Brazil and highlights the potential for increased tax πŸ”‘ revenue through regulation. It also emphasizes the differences between sports betting and gambling.

Please feel free to provide feedback or contribute πŸ”‘ to the discussion in the comments section!

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