Legislators in Brazil are reportedly soon set to consider a measure that would prohibit local players from utilizing credit cards and other electronic payment methods in order to deposit or withdraw funds at non-domestic online gambling websites.
According to a report from CalvinAyre, Piaui Federal Senator Ciro Nogueira Lima Filho has proposed a bill that would, if passed, see the South American nation’s central bank institute regulations designed to stop Brazil-based aficionados from using credit and debit cards along with other electronic processes at international online casino, sportsbetting and poker domains.
The proposed legislation reportedly justifies its existence by detailing similarly protectionist measures such as the United States’ Unlawful Internet Gambling Enforcement Act of 2006 as well as Australia’s more recent move to institute a complete ban on online poker and in-play sportsbetting.
Known as PLS 213/2017, the measure reportedly also begins by acknowledging that the country is currently struggling to institute effective regulations despite “research that indicates that society accepts the exploitation of gambling” and even expresses hope that one of two competing gambling regulation bills currently stuck in the legislative process will be ratified soon.
Until this happens, the proposal, which is soon due to be shepherded through the Economic Affairs Committee by Parana Federal Senator Roberto Requiao, reportedly declares that Brazil needs a way to close a “legislative loophole” that is allowing local residents to spend an estimated $951 million every year at international online gambling websites.