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Games industry criticizes growth in betting and demands regulation of advertising – Economy – CartaCapital

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The Brazilian Association of Electronic Game Developers defended, this Wednesday 7th, the regulation of advertising for betting platforms online to “contain the damage caused by gambling addiction and in favor of reversal in benefits and collection”.

The ABRAGAMES statement highlights that betting “represents a risk to society and the economy”.

“The entity is against the disorderly growth of this type of market and is concerned about the harmful consequences for the country’s economy and social fabric”says the note. “The diversion of resources from the productive economy to gambling compromises consumption and quality of life, especially for families in vulnerable situations, reduces economic activity and, consequently, harms the country’s development.”

The latest update from the Ministry of Finance, released on Tuesday 8, showed that 96 companies had received approval from the federal government to operate in Brazil at least until the end of this year. The others cannot offer games to Brazilians and will have their sites blocked in a few days.

The debate surrounding the bets gained strength after a study produced by the BC showed that around 24 million individuals participate in gambling and betting not Country.

Among the beneficiaries of Bolsa Famíliathe main income transfer program, more than 5 million users allocated money to virtual betting houses in August alone. More than 3 billion were spent during this period – an amount that corresponds to 20% of the total amount transferred by the program.

The BC estimate considers consumers who made at least one transfer via Pix for these companies in August. The vast majority of gamblers are between 20 and 30 years old, the report points out.

The average monthly value of transfers increases with age. For younger people, contributions reach 100 reais per month. The older ones allocate more than 3 thousand reais each month.

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