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  1. #1
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    Default Peru iGaming regulations ban free bets

    Three months after signing a new iGaming bill into law, Peru announced this week that it will ban free bets and demos, as well as mandating registration for suppliers, as part of its effort to regulate online gambling.

    These rules are subject to a consultation, with stakeholders able to submit their opinions until 2 December.

    From iGaming Business:

    Free bet ban
    The regulations state that operators may not offer any type of remote betting or gaming for free, whether this is for promotional purposes or for education such as through a demo of a game.

    If an operator is found to offer a free bet, it could face a fine of anywhere between one and 50 Peruvian tax units (Unidad Impositiva Tributaria/UIT).

    Currently, one UIT is equal to PEN4600 (£1,010/€1,149/$1,197) but the units are intended to be flexible with changes to the value of the country’s currency.

    In addition, advertising should not be “directly or indirectly” directed at minors, nor should ads include minors. Ads may also not be deemed in violation of “people’s morals”.

    Supplier registration
    Suppliers, meanwhile, will have to register with Mincetur in order to offer their services to licensed operators.

    These suppliers will have to list other authorisations they have received as part of the application process. However, other details about the criteria to have an application for registration accepted or to have an existing registration revoked were not provided.

    Use of an unregistered supplier again carries a fine of between one UIT and 50 UIT.

    For operators, remote betting and gaming will require two separate licences. All licensed operators must either be registered in Peru or have an office set up in the country.
    Read more here: https://igamingbusiness.com/marketin...-registration/

  2. #2
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    Pokerface is offline Public Member
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    Default

    Seems to be just catching up to other countries. Many more will be adopting same approach.
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