Tag Archives: Chile

The government of Chile has ordered sporting bodies and organisations to abide by the ruling of the Supreme Court related to the current legal status of online gambling activities. Though government agencies are in the process of finalising a legislative framework to launch Chile’s regulated online gambling marketplace, in September a Supreme Court judgement upheld a challenge by state-owned lottery …

Chile’s progress on launching a regulated online gambling marketplace has been thrown into doubt, as the Supreme Court orders the government block access to all online gambling websites. Today, the Supreme Court of Chile upheld a legal challenge by state-owned lottery and pools operator Polla Chilena de Beneficencia that urged judges to deem “online gambling as an illegal activity”. Voting …

The government of Chile has accepted the resolutions put forward by the Economic Commission of the Chamber of Deputies, needed to launch a regulated online gambling marketplace in 2023.  The Commission had been tasked with drafting legislative articles needed by the government and relevant authorities to define licensed and prohibited (criminal) online gambling activities. A legislative update was required as …

Chile has advanced the prospects of launching a regulated online gambling and sports betting marketplace as stakeholders have been informed that new articles will be published to strengthen Bill 035/2022. Authorised in March, the Chilean government has instructed individual departments to work on the legislation and policy provisions of Bill 035/2022. The aim is to launch a regulated and taxed …

Dreams SA has informed investors that Jaime Wilhelm has resigned as Chief Executive of the Pan-South American casino group. The resignation comes as Wilhelm is announced as one of the executives to be investigated by Chile’s Competition Authority (FNE) for alleged market violations and fraud charges. Last April, the FNE intervened in the planned merger of Dreams with its main …

Grupo Enjoy has initiated a strategic review of its business, in which the South American gambling group will consider the individual sale of its casino properties.  This week, the board of Enjoy notified Chile’s Commission of Financial Markets (CMF) that it had initiated a strategic review led by Santiago-based financial advisory ASSET Chile SA. The CMF was informed that Enjoy …

The Congress of Chile has announced that it will establish an ‘Investigative Commission‘ to evaluate existing rules on sports betting advertising and to make recommendations on which changes should be applied as the government aims to launch a regulated online gambling marketplace in 2023.  Sports Minister Jaime Pizarro will lead the initiative, which within its remit has been tasked with …

The Ministry of Finance of Chile has proposed a series of new technical measures to be included in the regulation of an online gambling and sportsbook marketplace. The intervention follows new developments for Bill 035/2022, which seeks to liberalise Chile’s online gambling marketplace by the end of 2023. In June, the Bill’s tax framework was approved following a review by …

Bill 035/2022 has been approved by the Economic Commission of Chile’s Chamber of Deputies, making progress on the regulation of an online gambling framework for the country.  Initially drafted in March 2022 by the Ministry of Finance, the legislation had been referred to the Economic Commission for an inspection of its tax framework to address concerns by policy stakeholders. This …

The International Betting Integrity Association (IBIA) has released its Q1 2023 Integrity Report, revealing 40 instances of suspicious betting activity identified by its membership, which represents nearly 50% of all commercial online betting worldwide and over $137 billion in sports betting turnover. The report highlighted the critical need for effective integrity solutions in Latin America, of importance for Brazil, and …