The proposal was first published for public consultation in August and now aims to limit payment card operators to working only with entities that hold all required permits, licenses, or concessions to operate lawfully in Chile. It would also block payment operators from processing payouts on behalf of unauthorized platforms, while services connected to foreign activities that would be considered illegal if carried out in Chile would be fully excluded.
CMF President Catherine Tornel explained:
“Unauthorized online gambling is currently considered illegal in Chile, so payment operators would be unable to provide services to platforms without a business recognized as legally operating in the country. If the rule is approved in its current form, payment operators would not be able to process payouts for activities considered illegal in Chile either.”
The move adds another step of enforcement while Chile’s Congress continues debating legislation to create a regulated online betting market. Chile’s Supreme Court has already ruled that unauthorized online betting is illegal, even as the government allows foreign platforms to register for VAT on transactions with Chilean customers. Earlier in September, the Telecommunications Subsecretariat in Chile ordered to block 42 illegal gambling websites within 48 hours.
