Paraguay to reform gambling regulations for ending monopoly

[The Buzz]

Paraguay is planning to reform its regulations to encourage competition and strengthen oversight.

Currently, a monopoly controls most gambling activities, like lotteries and sports betting. Paraguay's regulatory body, Conajzar, wants to change this by ending the current system of public bids that limit private sector involvement. This reform would open the market to private companies, creating a more competitive landscape.

The proposal seeks to change and build upon the current Law No. 1016/1997, which oversees gambling operations in Paraguay.

From iGaming Business:

Alongside strengthening Conajzar’s position as a regulator, the plan is to encourage “institutional optimisation” with an updated legal model.

The new framework will put the role of Conajzar general director in charge of the coordination, development, control and supervision of gambling in Paraguay.

“Through the modification of the current regulations, the powers of Conajzar will be strengthened, allowing it to be a true professional, stable and solvent regulatory body,” it said.

“All this, while accompanying the social and economic changes that require the elimination of the legal monopolies once established.”

Read more here: https://igamingbusiness.com/legal-co...ling-monopoly/

[Sherlock]

Whatever this mafian country tells is just a smoke screen, I bet. If there is the movement, it is a reaction to the Brazilian market. Ciudad de Este is a "Roanapur" for Brazil.