Chile's Ministry of Finance releases guidance on online gambling regulations
The Ministry of Finance in Chile has released a guidance document outlining proposed technical measures for the regulation of online gambling in the country
The Ministry of Finance in Chile has recently published a guidance document that provides an overview of proposed technical measures for the forthcoming regulation of online gambling.
As Chile prepares to liberalize its online gambling market, the guidance covers crucial aspects such as tax regulations, market integrity, and commercial standards.
It proposes that the Superintendency of Casinos (SCJ) play a key role in overseeing the bidding process for online gambling licenses and monitoring the activities of licensed platforms and operators.
Additionally, the guidance stipulates that all online gambling sites in Chile should operate under the .cl domain and adhere to internationally recognized security and transparency standards.
Furthermore, the ministry intends to publish a list of approved payment service providers (PSPs) authorized to process gambling transactions. The document also outlines licensing fees, taxation requirements, and the implementation of responsible gaming measures, including a 1 percent tax charge on annual gross income to support public healthcare and addiction prevention programs.