The Economic Commission of the Chilean Chamber of Deputies approved a bill that regulates online betting this week. Bill 035/2022 was introduced in early March 2022 but had not made any progress until this week.

From SBC Americas:

Although it faces multiple discussions and votes, this approval is a sharp change from recent developments in the gambling industry in Chile.

Currently, the only companies that can offer online services in Chile are Lotería de Concepción, Polla Chilena de Beneficencia and Teletrak.

In March, the Internal Revenue Service (SII) ruled that it has the power to exclude from the simplified tax regime those companies that don’t have local addresses and carry out illegal activities. Betting is included under this category, at least for now, as the activity doesn’t have a regulatory framework.

Furthermore, at the end of April, the Chamber of Deputies approved another bill that considers agreements between sports clubs and sportsbooks illegal. The measure will be reviewed and voted on by the Senate.

The Economic Commission focused on “continuing the general discussion of the bill that started as a result of a message from the President.” The bill specifies that online betting should be regulated.
Read more here: https://sbcamericas.com/2023/06/02/c...e-betting-law/