Paraguay’s new bill seeks to end gambling monopoly
With the bill that was partially approved on November 26, Paraguay is progressing into reforms for gambling regulations that would bring an end to the monopoly in the market....
Paraguay to reform gambling regulations for ending monopoly
Being a landlocked country located between Argentina, Brazil, and Bolivia, Paraguay plans to reform its gambling regulations, aiming to promote competition and improve regulatory oversight.
Paraguay’s gambling regulatory body, the Conajzar, plans to use this reform to cease the current monopoly that controls gambling activities such as lotteries and sports betting. Currently, public bids limit private participation, but the reform would open the market doors to private companies, boosting competition and reducing monopoly control. Moreover, the reform seeks to streamline operations, enhance financial oversight, and strengthen Conajzar’s capacity to enforce regulations and collect revenue.
Paraguay’s gambling laws
The reform reflects broader efforts under President Santiago Peña’s administration to align Paraguay’s laws with current social and economic dynamics. As Paraguay experiences economic growth and technological advancements, the gambling sector has expanded with new companies and forms of gaming. Currently, the reform is pending approval from congressional review. If passed, the reform would reshape Paraguay’s gambling landscape by making a more open and transparent market while equipping regulators with tools to oversee and tax the industry effectively.
FAQs
Is gambling legal in Paraguay?
Gambling in Paraguay is legal but strictly regulated by Paraguay’s gambling regulatory body, the Conajzar.
What is the legal gambling age in Paraguay?
The legal gambling age in Paraguay is 18 years old.
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