Regulation of online platforms in Chile: Why it is important for a new industry to emerge on legitimate cause
Monday 02 de October 2023 / 12:00
2 minutos de lectura
(Santiago de Chile).- The Economy Commission of the Chamber of Deputies has been working on the bill that will regulate the activity of online gambling platforms in Chile, to which Latamwin, a Latin American company of services and technological solutions for online gaming companies and platforms, has set itself the objective of collaborating and supporting all actions that lead to regulation within the country.
The services offered by international platforms within Chile work in a similar way to Spotify, Netflix and so many other technological developments, which is why it requires regulation to function fairly.
In this sense, Carlos Baeza, a lawyer advising online gambling platforms Latamwin, Betano, Betsson and Coolbet, explains how a technology industry can emerge in Chile under legitimate causes. He also emphasises that the Chilean state has expressly stated the need to regulate the online gambling industry in order to increase tax revenue and protect users.
Support for the regulation process
"All international companies that are not domiciled or resident in Chile, such as Netflix, Spotify, Sony, Apple, are obliged to pay only one tax: digital VAT. That tax is the one that the platforms paid until December 2022 and that from January 2023 could no longer be paid because the Internal Revenue Service blocked that possibility," said Baeza with respect to tax collection.
At the same time, he indicated that "the regulation includes the obligation to establish themselves in Chile and to pay all the taxes that are determined, which of course we fully agree with. This is something that we have consistently supported throughout the processing of the regulation project".
This is how regulation will make the online platforms market an attractive alternative for the development of new companies and professionals in the field of technology and digital services. This provides new opportunities and opens up the possibility of growth for startups focused on this area, for the consolidation of a sustainable and competitive industry.
Categoría:Legislation
Tags: Sports Betting, Sportsbook , betting software, LATAMWIN,
País: Chile
Región: South America
Event
PGS, Perú Gaming Show 2024
12 de June 2024
Emotional tribute to Manuel San Román Benavente at PGS 2024
(Lima, SoloAzar Exclusive).-During PGS 2024, a moving posthumous tribute was carried out to the engineer Manuel San Román Benavente who died at the age of 74 and was General Director of the Casino of games and slot machines of the Ministry of Foreign Trade and Tourism of the Peru.
Friday 12 Jul 2024 / 12:00
GLI Perspectives on Gambling Regulation in Latin America
(Lima, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Georges Didier of Gaming Laboratories International (GLI), offers his perspectives on the evolution of gaming regulation in Latin America and the crucial role of GLI in this dynamic landscape.
Friday 12 Jul 2024 / 12:00
Implementation of robust identity verification systems by 2024 expected
(Lima, Exclusive SoloAzar) - During the conference "Knowing your players, AI, and fradue" at the Peru Gaming Show, Samer Atassi, Vicepresident for Latam at Jumio, addressed the growing concern about online gambling security and highlighted the importance of knowing your players to prevent fraud and protect minors.
Thursday 11 Jul 2024 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.