Chile is currently drafting a law that aims to make online gambling legal, while also setting up measures for enforcing regulations against unlawful providers.
In simpler terms, on August 15, Chile’s Senate moved forward by generally approving a bill aimed at managing online gambling sites. The vote count was 27 in favor, 3 against, and 5 abstentions. This step could significantly influence the future of online betting.
As a responsible gamer, I’m advocating for a structured licensing system for online betting platforms. This measure aims to curb unlawful activities by enforcing regulations against illicit operators. Simultaneously, it strives to build a robust protective framework for all players, with special emphasis on shielding minors from potential risks and harm.
Observing the swift expansion of the industry, Finance Minister Mario Marcel highlighted the importance of prompt action to legislate and control illegal activities, as well as prevent tax evasion and inadequate supervision. To accomplish this goal, some potential steps could involve restricting access to sites and apps that aren’t legally authorized, along with plans to ban bets by individuals who may influence sports outcomes. Furthermore, the government intends to establish criminal penalties for unauthorized operations to further ensure compliance with regulations.
In simple terms, statistics show that approximately five million Chileans were active users on these platforms by the year 2024, generating an estimated $3.1 billion in uncollected taxes. If authorized operators emerge, they could be subjected to a 20% specific tax, with an extra 1% earmarked for promoting responsible gambling. A 2% annual fee on sports betting earnings will also go towards the National Sports Institute, which aims to support sporting development within Chile.
The bill is set to undergo a comprehensive examination by both the Senate’s Economic and Finance Committees jointly. Any necessary adjustments or changes should be completed by the end of September.
What happens if the bill is approved?
Under the upcoming law, a National Policy for Responsible Gambling will be implemented. This policy aims to enforce tighter regulations on betting advertisements and bolster competitiveness against other authorized forms of gambling, including lotteries and horse racing.
Under this law, platforms that offer gambling services must register as Chilean businesses under the watchful eye of the Superintendence of Casinos, Sports Betting, and Games. The goal is to improve monitoring, transparency, and efforts to combat illegal activities.
As a result, this action aims for a practical solution to the common problem of unchecked online gambling in Chile. It also manages to strike an appropriate equilibrium by safeguarding consumers, earning tax income, and maintaining industry responsibility.
If passed, this new law would mark a significant transformation in Chile’s gambling industry. It would establish digital betting within a structured legal system, providing definite legal and financial obligations, reflecting the expanding influence of online gaming not only in Chile but also throughout Latin America.
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2025-08-16 17:12