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A Brazilian UIGEA

The Brazilian government has announced that new online casino gambling legislation is one-step closer passing into law as the legislation has now made it to the Senate. Brazil’s government is modeling the US’s ban on the processing of transactions from internet gambling companies in drafting the new legislation. The only problem with this whole situation is the fact that the US government’s UIGEA is highly flawed and is not working too well right now. The UIGEA is unenforceable according to many experts and although the US Department of Justice is actively pursing and prosecuting some of the payment processing companies still facilitating transactions between US gamblers and offshore online casinos, it has not fully curbed US internet gambling.

The UIGEA has proven wildly unpopular in the international arena because the US is actively breaking international trade agreements with the protectionist legislation that blocks offshore companies not only from the online casinos, but from internet betting as well. Brazil’s government though believes that the US model though is highly effective because it blocks the internet gambling industry in the only way possible – at an internal level. It is impossible for the US and Brazil to prosecute the offshore online casinos, so instead the legislation is aimed at the credit card companies and financial institutions.

The Brazilian government has been very vocal in announcing that the US’s UIGEA was the model for the legislation that is now entering Brazil’s Senate for discussion and modification. In addition to blocking the online casinos the bill is looking to have a much wider scope to include lottery and other related industries as well.