Chile makes progress in online betting bill to regulate the industry
Chile moves forward with legislation to regulate online betting, bringing potential benefits to the industry and paving the way for increased gaming revenues
Chile has made progress in advancing an online betting bill that seeks to regulate the industry and establish rules on taxation and advertising.
Currently, only a few gambling companies are regulated in Chile, but the new bill aims to allow online sportsbook companies to enter the market.
The proposed legislation would introduce licensing requirements, player identification measures, and fines for unlicensed operators.
Industry representatives have expressed support for the bill, emphasizing the need for clear regulations.
If approved, the regulation of online gambling in Chile is expected to lead to increased gaming revenues and provide funds for public benefits.
The bill is set to undergo further consultation by June 12.