Law 14,427, which approves the regulation of online gambling and the bidding documents for the public tender has been published in the Official Gazette of Santa Fe in Argentina.
Multiple licensees will be permitted, each with a 10-year term. The system provides for the awarding of licenses for the implementation, operation, and management of digital sports betting platforms. Each licensee will pay a minimum fee of 15% of their monthly gross profit.
The funds collected will go to the Caja de Asistencia Social, strengthening the financing of public policies.
According to Law 14.235, its regulatory decree, and the bidding terms, bets will be allowed on any existing or future sporting competition of any kind, provided it has the authorization of the enforcing authority.
