Brazilian online betting market may move US$1.65 billion per year
These sites operating in cyber space have their servers based in countries where gambling is legalized, such as Litoral Rica, Gibraltar, France, and countless other places. Although betting is not permitted in Brazilian territory, betting operators open a checking account in Brazil for deposits and premium payments, which, in principle, does not directly violate the national legal rule. Bets are only made when the financial transaction dia is confirmed by the international carrier's server. With practical effects, the bet is made on a foreign basis. It is a situation similar to a Brazilian who uses his credit card to bet on casinos in Las Vegas and pays the bill when he returns to Brazil.