If Chile were to regulate online gambling and implement the required laws involving taxation and advertisements, the business would be overjoyed.
A new statute on the regulation of internet betting has been passed in Chile. The proposal has been floating about since March of last year. The gaming sector applauded the bill's progress but noted that it still needs more approval.
At the time of publication, Lotera de Concepción, Polla Chilena de Beneficencia, and Teletrak were the only formally sanctioned gambling operations in Chile. The Internal Revenue Service (IRS) now has the authority, according to March's new regulations, to bar unregulated offshore businesses like sportsbooks from the simplified tax framework.
