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Chile’s Senate has taken a decisive step toward formalizing the country’s online betting landscape, approving a sweeping regulation bill in a general vote by 27–3, with five abstentions. The legislation now progresses to the Senate’s Economic and Finance Committees for detailed scrutiny and expected amendments.
• Licensing and Oversight: Establishes a formal system for granting, monitoring, and enforcing online betting operator licenses under the supervision of Chile’s Superintendence of Casinos, Betting, and Gambling.
• Enhanced Enforcement: Includes measures to block unlicensed platforms, restrict payment processing, and penalize operators who influence game outcomes or serve minors.
• Taxation Framework: Licensed platforms would face a 19% VAT plus a targeted 20% tax. Additionally, a 1% levy funds responsible gaming programs, and a 2% fee on gross sports betting revenue supports national sports development.
• Responsible Gaming Protections: Introduces biometric age checks, mandatory self-exclusion tools, and advertising limits to shield vulnerable groups, especially minors, from exposure.
This legislation targets Chile’s rapidly expanding online betting sector, which saw more than five million users and over $3 billion in untaxed revenue last year. The move aims to shift players away from unregulated platforms, raise government income, and provide safer, transparent services.
If enacted, Chile will align its online betting regulations with existing frameworks governing land-based casinos, lotteries, and horse-racing, modernizing its approach to gaming oversight.
Sources: Gambling Insider, iGaming Today
