Legalized online gambling in Brazil is leaving more people in debt
(bloomberg.com)17 points by 8en 19 hours ago | 5 comments
17 points by 8en 19 hours ago | 5 comments
tmottabr 14 hours ago | root | parent |
I expect a change in this in the coming months..
evangelical churches are starting to get concerned about this and we are starting to see the evangelical base in congress react against.. [1][2]
When people that has lost all their money on gambling stop paying the tithe, that many evangelical churches demand, the movement against it between churches leadership will gain a LOT of traction..
[1] https://www1.folha.uol.com.br/mercado/2024/11/bets-chegam-as... [2] https://noticias.gospelmais.com.br/bets-de-jogos-de-azar-ban...
meiraleal 7 hours ago | root | parent |
This money is better spent with bets
mbfg 16 hours ago | prev |
Isn't this true of basically any country?
tmottabr 14 hours ago | root | parent |
Yes.. But for some reason situation is worst in Brazil compared to anywhere else..
It was forbidden in Brazil.. They changed the law to allow and the country jumped to #1 in sports gambling in less then 1 year..
other types of gambling are likely following the same trend..
gambling sites made 20bi profit last year... that is equivalent to 1% of the country GDP..
Retail already noticed a slowdown because people are stopping spending money to gamble or are already heavily in debt..
diegoholiveira 16 hours ago | next |
Gambling has been a huge disaster for the country as a whole. If it were up to me, I would have already banned all gambling platforms in the country. But to make matters worse, the government is studying a state-owned gambling platform.