Football mogul for 43 years and president of the São Paulo Football Federation since 2015, Reinaldo Carneiro Bastos, 70, says that Brazilian legislation is lagging behind the most recent changes in Brazilian football, driven by the expansion of the virtual betting market.
According to Bastos, this gray area has generated financial losses for the Brazilian sport, as online betting companies do not pay taxes.
On the other hand, he says that it is possible that this scenario has created an inflated market for all agents, including communication companies, which tends to wither with the implementation of charges
Deregulation also explains, according to him, the lack of rigor in the punishments of those who have been involved in match-fixing schemes.
Bastos proposes that new legislation include mechanisms to mitigate the harmful effects of betting, such as the definition of limits regarding who can or cannot place a bet, based on income criteria, in addition to the funding of financial education courses by betting companies.
Translated by Cassy Dias