SPORTS BETTING Latin America regulatory update


Te updated framework seeks to draw upon the experiences of regulated markets in countries such as the Netherlands, the United Kingdom,


Spain, Argentina, and Colombia to create a more effective regulatory environment. Additionally, the proposal includes provisions that prohibit the advertising of online betting houses at events and sports clubs.


Chile has been grappling with the issue of online gambling for several years including online sports betting. Online gambling reform was finally put forward by the previous administration in March, 2022. However, it has been a long and difficult road to regulation and it wasn’t until January 2023 that the Undersecretary of Finance announced that the Executive Branch would finally push forward with new rules. In April 2024 the Senate Economics Committee finally approved in general the online gambling bill but there was no more word again on the bill until June 2025. In June during a session of the Senate Finance Committee, Undersecretary of Finance, Heidi Berner, presented an updated version of the bill. Te project aims to enhance the role of existing institutions,


specifically the Superintendence of Casino Games, by granting it new powers and refining its current responsibilities, thereby transforming it into the “Superintendence of Casinos, Betting, and Games of Chance.” Tis updated framework seeks to draw upon the


experiences of regulated markets in countries such as the Netherlands, the United Kingdom, Spain, Argentina, and Colombia to create a more effective regulatory environment. Additionally, the proposal includes provisions that prohibit the advertising of online betting houses at events and sports clubs. In the drafting of its new law the government has taken


great pains to ensure that state-owned gaming and lottery operator Polla Chilena de Beneficencia (Polla) will get a head start. Te government-owned corporation will have a legal license that will allow it to immediately start operating sports betting activities without the need for further administrative approvals once the bill is passed.


122 Te tax rate will stand at 20 per cent on the gross income of


online gambling platforms plus a yearly fee. All licensed operators (foreign and domestic) will be subject to income tax and VAT as well. Along with this, operators will need to pay a one per cent contribution to responsible gambling. Tis can be offset by expenses if actions are taken towards this goal. Tose companies which have been present in the market


will be subject to a “cooling off” period. Tey will have to pay a single and substitute tax with two components: 31 per cent of gross income (recognising untaxed income) plus a fee per user account recognising market capture. In August the Senate Finance Committee unanimously


approved the bill. However there is still a long way to go. Te bill now must be put to a vote in the Senate Chamber. If approved in this instance, a period will be opened for presenting amendments, followed by particular processing in the Economy and Finance committees.


CHILE


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