Tag Archives: legislation
Brazil’s Ministry of Finance announces new rules for payment methods and payments
The Ministry of Finance’s Secretariat of Prizes and Betting (SPA) published Regulatory Ordinance SPA/MF No. 615 on April 18, 2024, outlining the general rules to be followed in payment transactions carried out by fixed-odds betting operators. The ordinance is part of a set of regulations aimed at regulating the activities of fixed-odds betting operators in…
Puerto Rico’s senate approves new slot regulations
The Senate of Puerto Rico has approved a measure that ratifies the new amended regulation of the Gambling Machines Law to ensure a percentage of funds generated by slots go to the Police Retirement Fund. Senate President José Luis Dalmau Santiago presented the measure. Revised regulations addresses concerns raised during previous sessions and was approved…
ANJL launches campaign to overturn veto on online gambling bill
The National Association of Games and Lotteries (ANJL) has launched a campaign to convince congressmen, senators, and the federal government to overturn a partial veto by President Luiz Inácio Lula da Silva to the sports betting bill that changed the taxation of bettors’ winnings. ANJL has defended the resumption of the original text of the proposal…
Paraguay lawmakers agree on 90 day deadline for gambling law review
The Paraguayan Chamber of Deputies has set a new deadline of 90 days to address the debate on the restructuring of the gambling industry. Lawmakers want to make changes to Paraguay’s gambling law (Law No. 1016/1997) in order to eliminate the current monopoly of licences for quiniela and sports betting. Lawmakers in favour of the…
Peru – Government seeks to amend law on online gambling
The Minister of Economy and Finance (MEF), José Arista, announced that the government is looking to modify Law 31557, which regulates the operation of online gambling. “The Executive Branch will propose a regulation to Congress amending Law 31557 to regulate elements necessary for the application and collection of taxes on remote gaming and sports betting,…
Chile – Senate Economics Committee approves online bill
The Senate Economics Committee unanimously approved in general the bill regulating the development of online betting platforms in Chile (Bulletin No. 14838-03). The objectives of the bill are to generate a competitive market, taking into account other forms of currently legal gambling such as lottery draws, the lottery (Polla Chilena de Beneficencia) and horse racing…
Dominican Republic – Ministry of Finance regulates online casino and betting licenses         Â
A new Resolution 136-2024 has been published on the website of the Directorate of Casinos and Gambling and on the Ministry of Finance’s page, regulating online sports betting and casino games. Online casino licenses will cost RD$ 20,473,481, while sports betting licences will cost RD$15,355,111 and for gambling games falling outside either category which are…
Lawmakers could make decision on Lula’s vetoes in April
The President of the Senate, Rodrigo Pacheco, stated that Congress could be able to convene in a joint session to decide on the 28 presidential vetoes pending analysis in April. The list includes President Lula’s vetoes to Law 14,790. The law was sanctioned and published in the Official Gazette of the Union on December 30,…
Lawmakers to hold public hearing on online gambling tax rate
Deputies have approved a request put forward to the Finance and Taxation Committee to hold a public hearing to discuss the taxation of online gambling in Brazil. The request was put forward by Deputy Mário Negromonte Jr. The deputy said that he wanted to hear from representatives of the Ministry of Finance and some companies…
