Haddad criticizes Bets and defends prohibition: “There is no collection that justifies”

Finance Minister Fernando Haddad said on Monday (21) that if he depended exclusively online, the so-called “Bets”-would be banned in Brazil. “If a project appears in the Federal Chamber [para decidir se] Continue or stop, I would push the button from. There is no collection that justifies this stolen that we arrived, ”he said in an interview with the channel ICL News.

According to the minister, the out of control in the sector has become a public health problem. He stated that before regulation, the government did not have access to data on the operation of BETs. “What is happening is a disgrace,” he said.

Haddad pointed out that the Ministry of Finance already shares information with the Central Bank on fintechs that would be used as vehicles for illegal bets, money laundering and even for organized crime. He promised to take the data collected in the last six months to the table of President Luiz Inacio Lula da Silva.

Haddad criticizes Bets and defends prohibition: “There is no collection that justifies”

“We will incorporate the Federal Police in this debate, because it is not just the attribution of the Ministry of Finance. There is a crime behind,” he said. Haddad compared the treatment that the sector should receive to advertising alcohol and cigarettes, currently restricted by law.

The minister stressed that 60% of gamblers are up to 39 years old and that there are direct impacts on the educational and financial formation of this population. “I learned of lurid cases involving bets, of acquaintances who even lost family members because of Bets. So it’s a real drama.”

During the interview, Haddad also stated that more than $ 40 billion were transferred abroad in four years without tax collection or control over the sector. “This money is disappeared from Brazil,” he said, referring to the period prior to the regulation of the bets.

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The government now works with the possibility of harming the inspection and review the regulatory framework of the sector. “We will have to face,” concluded the minister.

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