The debate about online casinos in Chile will be reversed

The bill to regulate online gambling in Chile has been delayed in recent months. However, now that the new year has arrived, the debate in the Chamber of Deputies is back. The Ministry of Finance has indicated that it will provide details to advance the talks in March. 펀카지노 도메인 추천

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After reviewing the proposal, lawmakers focused on international workers. They are looking more closely at the work in the countries where the work is being carried out, and those that have not yet developed a regulatory framework.뉴헤븐카지노 도메인 추천

"Villagrán supports online games. He recognized that laws should be flexible to adapt to the changing environment and emphasized the need to act quickly."

Chile, like any country, has no chance to stop online gambling. As a result, some see regulations as the best way to approach online casinos rather than ban them. The plan being negotiated would allow workers to get a five-year general license or a six-month temporary license. The latter will not be new. Each license will allow them to offer any type of betting or gambling, based on their request, except for lottery products.

These rules will prohibit any activity that violates "public order" or public safety, or that harms children. In addition, operators should set up a base in Chile and demonstrate a source of funds covering business expenses. They should provide details of the buyer, and report any suspicious transactions that may indicate money laundering.

 The management of online gambling and betting will be the responsibility of the manager of the casino. The bill being discussed would create a new name for the regulator, the Superintendency of Casinos, Betting and Gaming. 

Tax revenue is the deciding factor

Villagrán and Sanhueza agree that online gambling has already taken off in Chile. Therefore, they understand that the country is losing money and has iGaming revenue that is now crossing its borders. Therefore, one of the main factors that promote online gambling is taxation. 

The government wants to implement a tax plan to replace VAT (value added tax), forcing workers to give up 20% of their gross income. A general license will cost 1,000 UTM per year and a temporary license will cost 100 UTM. UTM is the tax standard, and 1,000 is now equal to CLP 61.77 million (USD 74,616). 100 UTM is equivalent to 7,460 USD.

"Online sports betting platforms will be for the same number, but will have more fees. They must pay 2% of their gross income each year to the National Federation of the target sport of the bet. In addition, operating companies must donate at least 1% of their gross annual revenue to responsible sports campaigns."

Chile's gambling tax plan will also affect employers. They will pay 15% of their winnings when withdrawing money from their user account. There is still no deadline for the law to take effect in its process. It has been more than a year since the process began, and it will take at least another six months before the legislature makes any progress.