Chile’s new law: online gambling and monopoly breakup

Chile’s new law: online gambling and monopoly breakup

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Chile’s new law: online gambling and monopoly breakup

Chile is changing its gambling regulations, one of which is allowing online gambling. 

Ley N035/2022, the new measure, was presented in March 2022 with the intention of regulating online gambling.

An additional tax of twenty percent on the gross revenue from gambling via the internet is part of the proposed law. Additionally, it aims to break the monopolies held by Teletrak Chile, Loteria Concepción, and Polla Chilena. Neverthless, in the previous year, in the process of waiting for input from other agencies over technological specifications, fines, and definitions within the legal framework, the bill stagnated in the Senate Economy Committee.

The present monopoly operators opposed the law, arguing that until the law comes into force, wagering on the web should be illegal. Their case was upheld by the Supreme Court. Consequently, gaming websites can no longer be accessed.

Additionally, the Supreme Court decided that operators who have participated in the grey market should have a waiting/reflection period of twelve months included in the new regulations. International companies like Betano and Betsson contend that Chile’s legal system does not specifically forbid online betting; nonetheless, the regulator, the SCJ, feels that the offer is unlawful in the absence of clear legislative control.

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