Legislation

Chile prohibits sponsorship of sports betting

Tuesday 10 de October 2023 / 12:00

⏱ 1 min read

(Santiago de Chile).- For the National Association of Professional Football (ANFP), the end of the contract means ceasing to raise around US$8 million in the next three years.

Chile prohibits sponsorship of sports betting

Chile has moved closer to the betting industry. The Supreme Court of Justice declared the segment illegal throughout the national territory and blocked 23 platforms operating in the country. In this way, the Chilean Football Federation (ANFP) ended its agreement with Betsson.

The termination of the contract related to the naming rights of the first two divisions of the Chilean Championship, signed in January 2023, will mean ceasing to raise $8 million over the next three years.

The entity also tried to obtain an extension for the suspension of sports betting, but was unsuccessful. Now, the ANFP is looking for new partners for the first and second divisions of the Chilean Championship, and will also eliminate all references to Betsson from its communications and digital platforms.

Betway canceled advertising agreements in force since January 2022 with five Chilean clubs: Unión La Calera, Everton de Sea Vine, Ñublense, Audax Italiano and Coquimbo Unidos.

Betsson, in South America, sponsors Boca Juniors, in an agreement of 7.5 million dollars, the first division of the Peruvian Championship and the state of Pernambuco.

Categoría:Legislation

Tags: Sin tags

País: Chile

Región: South America