Peru's new gambling laws triple license costs, require domestic domain use
Peru's President Dina Boluarte has approved new gambling laws, tripling license costs and mandating that all online gambling operators use a Peruvian domain
Peruvian President Dina Boluarte has approved amendments to the country's gaming regulations under Law No 31,806.
The new laws triple license costs to Sol2.97m ($814,000), or 3% of net income, whichever is higher.
The revised legislation also establishes a point-of-consumption regime, requiring all online gambling operators in Peru to use a Peruvian domain address, and sets a tax rate at 12% of revenue.
Further, the law mandates KYC requirements for operators, limits betting to certain sporting events, and restricts sponsorships to licensed businesses only.
The new laws will take effect from 18 July.