Peru president signs betting and iGaming bill into law

[The Buzz]

Peru’s president Pedro Castillo officially legalized sports betting and online gaming, after the country voted to approve it last month.

From Focus Gaming:

Through the rule, in addition, the Government creates the tax on remote games and remote sports betting. It also designates the competent administrative authority, establishes the applicable infractions and sanctions and the exercise of the powers of supervision, control, inspection and sanction within the framework of the controls and policy of responsible gaming and protection of minors and persons excluded from gaming. participate in games subject to regulation.

Details of the new law:

In the document published last Saturday, it is specified that the purposes of the law are:

Guarantee that the operation of games and remote sports betting is conducted with integrity, honesty, transparency and equal treatment.

Protect vulnerable sectors of the population through access controls for minors and implementation of responsible gaming policies aimed at preventing the development of addictive behaviors.

Prevent the exploitation of remote gaming and remote sports betting from being used for the commission of crimes related to money laundering and financing of terrorism or for the commission of fraud, computer crimes and any other illicit purpose.

Read more here: https://focusgn.com/peru-made-online...tting-official

[rmeeuwsen]

competent administrative authority

I hope they don't model themselves after the UKGC or the "BigGuts Only" USA approach!

[ocreditor]

I wonder when we'll see the first regulated online gambling operator in Peru..

[Pokerface]

These markets will continue to open up and grow as governments continue to look for more revenue sources and capture revenues that have gone to other markets.