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Chile Move A Step Closer to Regulating Sports Betting

Currently, Lotería de Concepción, Polla Chilena de Beneficencia and Teletrak are the only regulated brands in Chile.

Chile Move A Step Closer to Regulating Sports Betting

Chile Move A Step Closer to Regulating Sports Betting


Chile has approved a new online gambling bill that will alter how the industry is regulated. The idea of the new law was introduced in March 2022, with no movement on any change until now.

Although the new law will still require various other approvals, its advancement was welcomed by Chile's gambling industry.

Currently, Lotería de Concepción, Polla Chilena de Beneficencia and Teletrak are the only regulated brands in Chile. With these impending rules, the Internal Revenue Service was issued the authority to exclude offshore firms from the simplified tax regime, including sports betting sites, which are at the moment unregulated. For context, the online sports betting market has already built a significant name in local sports.

The new bill, however, would regulate online betting, allowing online sportsbook companies to establish a presence in the country. If Chile progresses forward with regulated online betting, it will likely issue licenses through an impartial and administrative process.

Punters, on the other hand, will be assigned an ID before playing, making it easier to identify and prevent gambling harm. Chile will only allow licensed bookmakers to market their services and will be strict on the issuing of fines to black-market brands.