The Senate of Chile will review the text and framework of a new Federal Gambling Bill (035/2022), aimed at overhauling the Andean nation’s longstanding gambling laws.
Despite unresolved conflicts, this week Chile’s Chamber of Deputies approved the draft legislation by a majority of 97 votes in favor and 28 against.
The Bill will thus be presented to the Senate for federal evaluation. Ministers in the upper house will determine whether the Bill meets its goal of “establishing a competitive online gambling marketplace, generating increased tax income for the government, and protecting national consumers.”
By the end of 2022, the government had instructed relevant departments to submit resolutions needed to modernize Chile’s gambling laws, which had sustained a monopoly structure limited to three businesses.
