Chile's CMF says proposed payment rules would exclude unauthorised online casinos
Chile's Commission for the Financial Market says its consultation proposal would limit payment services to activities that are legitimate and authorised in Chile, including restricting service to online casinos without the required authorisation. President Catherine Tornel said payment operators could not serve companies whose casino businesses are not recognised as legitimate; the proposal concerns an updated list of activities available to payment-card operators.
Payment operators may need to assess whether their services to online gambling businesses meet the CMF proposal's authorisation conditions.