Peru approves igaming and sports betting regulations

Peru approves igaming and sports betting regulations

Article brief provided by iGaming Business
  • Zak Thomas-Akoo, iGaming Business
October 15, 2023 12:42 PM
  • Zak Thomas-Akoo, iGaming Business

Peru’s Ministry of Foreign Trade and Tourism (Mincetur) has approved the country’s sports betting and igaming regulations.

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The exhaustive document, known formally as Supreme Decree 005-2023-Mincetur outlines the technical and regulatory requirements for gambling operators wishing to offer their services in Peru.

The country’s gaming law is set to enter effect 120 days from the issuing of the regulations. This leaves operators with a tight schedule to comply with the new rules.

“It is the first time that this important economic activity has been regulated in the country. In South America, Peru becomes the third country to regulate it, after Colombia and Argentina, in the provinces of Buenos Aires, Córdoba and Mendoza,” said minister of foreign trade and tourism Juan Carlos Mathews.