Chilean senators propose licensing and tax framework for online betting
By SectorWire desk ·
Summary
Chilean senators Gastón Saavedra, Ricardo Celis and Matías Walker presented an agreement on Tuesday proposing online betting regulation. Their proposals cover licensing, advertising restrictions, user protection and financial controls. Walker estimated annual tax receipts of US$300m from a regulated market and said the Finance Ministry must now submit tax amendments.
Why it matters
Operators could face licensing, advertising restrictions, user protection and financial controls, with tax amendments still required from the Finance Ministry.