In a significant move to shield vulnerable populations from potential harm linked to the gambling industry, Brazil’s Federal Supreme Court (STF) has implemented strict measures. The court’s decision, led by Minister Luiz Fux, enforces an emergency directive aimed at ensuring that social welfare benefits are not used for online gambling. STF backed this historic ruling unanimously.
Immediate actions to target welfare spending on gambling
The ruling instructs the Ministry of Finance to promptly implement measures preventing welfare payments, such as Bolsa Família and BPC, from being directed toward online gambling operators. This decision stems from a report by the Central Bank of Brazil, revealing that, in August, nearly 20% of Bolsa Família benefits were spent on online betting. This alarming trend highlighted the impact of gambling on financially vulnerable populations, prompting the government’s swift response.
Bolsa Família beneficiaries use state-issued cards to access their funds. The new regulation will prohibit the use of these cards to process gambling-related transactions. The primary aim is to protect families at risk of financial harm due to reckless gambling behavior, while also aligning with Brazil’s broader goal to mitigate the social burden posed by its regulated betting sector.
The Ads that Target Youth Are Prohibited
STF also wants to speed up the ban of gambling advertisements directed at children and teenagers. This ban, originally scheduled to go into effect in 2025 was accelerated because of concerns raised at public hearings held on 11-12 November. Minister Fux emphasized the evidence that showed the negative impact of these advertisements on young people’s mental health.
Challenges and Support for Brazil’s Gambling Reforms
The National Association of Games and Lotteries (ANJL), representing licensed Brazilian gambling operators, expressed its support for the STF’s measures. The ANJL has long advocated for a regulated market and emphasized the potential risks posed by black market entities if the country’s reform efforts are undermined. According to an ANJL statement, Minister Fux’s actions mark a critical step forward, and the association remains open to contributing to a responsible and stable market through dialogue.
Use of Social Benefits in Gambling
The misuse of social welfare funds to gamble has been a major concern in several Latin American countries. In Mexico, reports have highlighted instances where beneficiaries of social programs, such as “Prospera,” have diverted their financial aid to participate in lotteries and other forms of gambling. This trend undermines their primary goal, which is to alleviate the poverty of people and improve living standards. Similarly, in Argentina, there have been cases where recipients of the “Asignación Universal por Hijo” (Universal Child Allowance) have allocated portions of their benefits to gambling activities, including betting on horse races and playing slot machines. These practices are not only detrimental to the financial stability and welfare of families in need, but they also undermine the effectiveness of social welfare programs.
In Colombia, the government has expressed concerns over the allocation of “Familias en Acción” program funds toward gambling. Investigations have revealed some beneficiaries are using their stipends for gambling, including buying lottery tickets. This diverts resources that would otherwise be used to meet essential needs such as food, healthcare, education and education. The misuse of social benefits prompted authorities in Latin America to implement stricter controls as well as educational campaigns, to ensure that welfare money is used appropriately. These examples from Latin America highlight the need for targeted interventions and vigilant monitoring to prevent social welfare funds being diverted into gambling. This will protect the well-being vulnerable populations.
Protecting the Vulnerable
In several Latin American nations, gambling ads are regulated in order to protect vulnerable groups, especially youth. The Argentine Chamber of Deputies began discussions about stricter gambling laws after reports of an increase in minors’ involvement. The country’s efforts to limit minor participation in sports betting and gambling began when it launched its regulated internet gambling market during the COVID-19 epidemic. Recent legislative talks focus on limiting the sector’s appeal among young people and those who have self-excluded themselves.
In Uruguay, a proposed online gambling bill has faced criticism for “weak and insufficient” controls, particularly concerning advertising restrictions. Critics argue that the bill’s limitations on advertising are inadequate to prevent exposure to minors. The Football Association of Uruguay (AUF) has expressed concerns, stating it would object to any law that doesn’t allow advertising partnerships between teams and online sportsbooks, as athletic sponsorships are one of the most effective marketing tools in the Latin American market. Critics argue that stricter measures are needed to limit gambling exposure for minors.
The Gambling Industry is Undergoing Legal and Societal Scrutiny in Brazil
Looking ahead, the future of Brazil’s gambling industry is uncertain as the STF prepares to assess the constitutionality of current gambling laws, with a final verdict expected in the first half of 2025. This decision will play a pivotal role in shaping the direction of the gambling sector, determining whether the country’s ambitious reforms continue or face major setbacks.
Despite preparations for the regulated market’s launch, opposition to gambling in Brazil has grown due to concerns over its broader social impact. In an effort to resolve these issues, Brazil’s government created a Parliamentary Commission of Inquiry. The CPI is responsible for investigating the effects of online gambling on household budgets.
In spite of all this, legalized gaming in Brazil has led to notable positive effects, including an increase in tax revenue and the creation of jobs throughout the country. The regulated gambling market provides greater transparency for consumers and offers better protection, while reducing the influence illegal gambling operations have on players. The revenues generated by the gambling industry are used to fund public infrastructure and services. Tourism and hospitality also benefit from an influx of tourists attracted to licensed casinos and betting outlets. The legal framework that has been established for gambling encourages investment and innovation within the entertainment industry, which in turn boosts economic growth.
CoinPoker – A Blockchain-Powered Platform for Crypto Poker Fans
CoinPoker adds a contemporary twist to poker by combining the excitement and innovation of cryptocurrency with traditional games. The platform is based on blockchain technology and creates a secure, decentralized environment for crypto and poker lovers. CoinPoker, despite its focus on poker and sports betting, has not yet established a strong presence in the global gambling market. Here’s an in-depth look at what distinguishes CoinPoker and its unique operational model.
A Blockchain and Cryptocurrency-Centered Platform
CoinPoker, a poker game without real money stakes, was launched in 2017. In 2018, the platform began to offer cryptocurrency betting and enhanced the poker experience. The platform offers its own token, CHP, to earn and wager, and accepts popular cryptos such as Bitcoin or Ethereum. CoinPoker is built on Ethereum’s blockchain. This ensures enhanced security, and uses a random number generator (RNG) based on blockchain technology to guarantee fair outcomes. The anonymity of players is paramount, as it ensures identity protection throughout all transactions.
Transparent Operation with Proof of Reserves
CoinPoker emphasizes transparency and adheres to the guidelines of its Curaçao eGaming license. Proof of Reserves system is used to prove financial stability and show that all player funds are fully backed. The player funds are separated from corporate funds. With approximately $16 in deposits, and a reserve of $16.75 millions, the platform ensures 105% coverage for all player funds.
Fair Play and Responsible Gambling Commitment
CoinPoker has taken stringent steps to prevent and detect fraudulent activity and ensure fair play using blockchain-based RNG. The platform has expanded its offering to include sports betting and competitive odds. This is available via a mobile apps for Android or iOS users. Players can use tools to manage their gaming habits. There are even options for self exclusion for those who have gambling issues. A responsible gaming officer oversees the adherence to best practice.
Fast and private transactions through Cryptocurrency
CoinPoker’s emphasis on speed and privacy in transactions is a standout feature. To ensure anonymity and efficiency, players can deposit and withdraw using cryptocurrency wallets. CoinPoker’s commitment to privacy is a major draw for users who prefer discretion and speed when it comes to their financial dealings.
Community Engagement and High-Profile poker Collaborations
CoinPoker is actively involved in its community, with frequent giveaways as well as partnerships with top poker Ambassadors. Bobby James, an ambassador of note, has recently attracted attention for his fifth place finish in the 2024 EPT Cyprus’ Main Event. He earned $271,400. CoinPoker held a Sunday Giveaway to celebrate and connect with their fans on social media. Patrick Leonard, the ambassador from Canada, also made headlines by finishing 28th in the race and winning $26,600. These strategic partnerships and events help to grow the CoinPoker user community.
A Unique Platform for Poker Enthusiasts
CoinPoker is a platform that offers an exceptional experience for poker players who value security, privacy and blockchain technology. The platform’s focus on fairness, security and responsible gaming makes it a great option for poker players looking for a crypto-oriented game.
CoinPoker offers a unique blend of poker and cryptocurrency.
