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Chile’s online betting bill proposes licensing and payment controls

Regulation

An analysis of Chile’s online gambling debate said the pending online betting bill would require authorisation, local incorporation and user-identification measures. The proposal would also address protection of minors, advertising by unauthorised platforms, payment controls, blocking powers and sanctions for illegal gambling.

The proposed framework would define licensing, compliance and enforcement obligations for online betting platforms operating in Chile.

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Enforcement & compliance

Brazil betting regulator tightens financial controls on banks and payment firms

Reportedly, Brazil’s betting regulator is strengthening financial controls aimed at illegal betting. The measures focus on banks and payment companies.

Brazil's Secretariat of Prizes and Betting (SPA) has published Ordinance No. 2,750, setting out a national protocol to prevent, identify and combat financial transactions linked to illegal betting. The ordinance replaces earlier regulations and consolidates a surveillance system involving banks, payment institutions and payment arrangements, according to the SPA.

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