Legislation
Peru – Interest high for newly regulated online gambling industry
By James - 18 March 2024
During the first 30 days of the enforcement of Law No. 31557, which regulates the operation of online gaming and sports betting, 145 authorization requests were submitted by both national and international companies to participate in online gambling.
Additionally, 144 affiliated service providers were registered, and 7 international certification laboratories were accredited. These providers have submitted 184 requests for the homologation of technological platforms, gaming programs, progressive systems, and gaming modalities.
“These companies have submitted their requests to formalize and obtain the corresponding authorization to continue operating in Peru, a clear indication that the regulation of this activity has been successful,” said Minister of Foreign Trade and Tourism (Mincetur) Juan Carlos Mathews in a statement.
Mincetur hopes that the enforcement of Law No. 31557 and its regulations will provide security to players through responsible gaming policies, as well as formalize the activity. It is estimated that the volume of bets placed in Peru during 2022 was close to S/3.800 billion.
“This is an important step taken by Peru to regulate this activity, not only due to the economic movement it generates and the revenue it will collect but also due to the need to provide security to citizens who access and use these applications,” Mathews said.
The window for companies interested in operating online sports betting and casino games in Peru opened in February. Companies offering online gaming and sports betting services had to submit their application for authorization to operate online under the terms of Law No. 31557 and were given until March 13 to register. Mathews stated at the time that the implementation of this law, along with new regulations would have a major impact on the industry and for bettors.
