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Crypto Casinos in Brazil

Based in Brazil and want to play casino games with crypto? Check out our Brazil crypto gambling guide and claim huge welcome bonuses.

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Is Gambling Legal in Brazil?

Brazil is the largest Latin American country with a massive population that’s geographically diverse and demographically. One thing most Brazilians have in common is their religious beliefs. With most of its population belonging to the Catholic church, one can imagine their relationship with gambling hasn’t always been good. The country has various strict laws surrounding gambling, and even legal gambling should be cautiously approached. While it’s completely illegal to own or operate an online casino in Brazil, legal online gambling is, at best, a grey area.

Former President Eurico Gaspar Dutra brought the Criminal Contravention Act into law in 1941. This act made online casinos illegal. Since the internet didn’t exist in 1941, the law doesn’t expressly point to online casinos, but many experts agree that the act outlaws playing with online casinos. None of the country’s federal laws states that playing casino games with offshore online casinos is illegal, which is why it’s a grey area. You can’t be prosecuted under Brazilian law if you play at online casinos.

Plenty of online casinos welcome Brazilian players, with plenty of banking options to make playing with these casinos easy for Brazilians. There are even a few Portuguese casinos that accept Brazilian real. It’s quite easy to find first-class casinos for Brazilian players, and since many accept cryptocurrencies, it’s become even easier to find good online casinos.

Are Cryptocurrencies Available in Brazil?

Cryptocurrencies have been the topic of debate since Bitcoin first entered the market. Brazil has accepted cryptocurrency wholeheartedly and is the most significant Latin American market. More than 16 million Brazilians own crypto, making up 7.8% of the country’s population. This number increased drastically from 4.9% in 2020. Part of the reason cryptocurrency has become so popular in Brazil is the devaluation of the real. Cryptocurrency is a good hedge against inflation, and the devaluation of currency and Brazilians seem to use this well.

The Brazilian government started regulating the crypto market in April 2022, which might spell trouble. However, it seems like the idea behind regulating the market is actually to increase its presence and develop these currencies in the market. Brazilians can trade and use Bitcoin freely without restrictions as long as it’s used for non-criminal activity. They can easily use various cryptocurrencies at online casinos and play their favourite casino games. The top crypto exchanges are available in Brazil, which include Coinbase, Binance and Crypto.com.

History of Gambling in Brazil

Up until the end of World War II, gambling was legal in Brazil. When the Social Democratic party came to power, they intended to clamp down on organised crime and outlawed gambling with a series of legislation, starting in 1941 and ending in 1946. Lotteries and horse racing were the only exceptions. These legislations remain active throughout Brazil.

With some loopholes in the legislation, bingo remained legal, and many bingo centres started hosting amateur sporting events. There are an estimated 100,000 video gambling machines across the country, with around 1,000 bingo centres operating in the country. Due to a scandal where a government official was caught on camera bribing workers in bingo halls in 2004, they were banned for nine months. These bingo halls started up again and operated legally.

After hosting the Football World Cup in 2014, there were expectations that the government would become more lenient on sports betting. However, the government stays firm in their stance against legalised gambling, even with a few serious efforts to change current legislation. Online gambling is technically legal, as none of the gambling laws states anything about offshore online gambling.

Gambling in Brazil Nowadays

There are no changes expected in the current legislation in the foreseeable future. Congress has failed on multiple occasions to get a workable agreement in place to support legal gambling.

Brazilians must look to offshore online casinos to enjoy gambling games and sports betting. Bingo halls are still fully operational, and Brazilians can enjoy lottery-type games with no restrictions. Horse racing is also still legal, and many Brazilians enjoy this form of sports betting.

Online gambling is a massive industry, even though it’s debatable whether it’s entirely legal. The state-owned regulator, CAIXA, allows a few sports for sports betting. The Brazilian government loses millions of dollars annually because of their strict laws.

Players Favourite Games

Horseracing remains one of the most popular betting sports in the country. The Sao Paulo Jockey Club houses more than 1,400 thoroughbreds raced every weekend and on Mondays.

Football is a massive sport in the country. There are more than 400 teams registered with the Brazilian Football Confederation, with 27 different leagues. The 2014 World Cup also brought a massive influx to the game. Many Brazilians enjoy betting on football using online platforms.

When it comes to online crypto casinos, Brazilians enjoy betting on various slots from top developers like NetEnt and Microgaming. They also spend their time playing a variety of table games, including poker, blackjack and roulette. Furthermore, many people place bets on video sports, like horseracing and football.

Players Preferred Bonuses

Online casinos usually offer players incentives in the form of bonuses and promotions. Many players prefer a lucrative welcome bonus, where the casino matches their deposit. Some casinos offer a 200% match, which is among the favourites.

A good reload bonus is also prevalent among Brazilian players, similar to a welcome bonus where the casino matches your deposit. Odds boosters are another type of bonus many Brazilians enjoy, and they often use this when betting on football.

VIP programmes offering perks and bonuses are always popular, and players enjoy climbing the levels to increase the incentives they receive.

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