Registration of online games and sports betting begins in Peru

Since February 13, the Ministry of Foreign Trade and Tourism (Mincetur) has activated its computer system to receive online applications from certification laboratories and companies linked to remote sports betting and gaming. This was reported by the head of the portfolio, Juan Carlos Mathews.

During the first 24 hours, the Mincetur platform has received requests from four International Certification Laboratories and twenty service providers linked to this activity. These have already been authorized by Mincetur.

“It is important that our country regulates this activity, not only because of the economic movement it generates and the revenue it will have, also because of the need to provide security to Peruvian citizens who enter and use these applications. It is the duty of the State to promote responsible gaming,” said the Minister.

What does the Law that regulates online sports betting detail?

Law 31557 or Law that regulates the exploitation of remote gaming and sports betting indicates, among various aspects, that the Mincetur is the administrative authority at the national level that regulates, authorizes, revokes, supervises and sanctions the exploitation of remote gaming, and remote sports betting.

The legal device maintains that only natural persons of legal age, of Peruvian or foreign nationality, previously registered on the technological platforms of authorized remote sports betting or games, may participate in this activity.

In the case of remote sports betting gaming rooms, these may be located in a location exclusive to this activity or others whose main purpose is the sale of other products or services.

Regarding betting, the new law indicates that the player must pay for his bets with currency, credit cards, debit cards or any other means of payment, with the exception of cryptocurrencies.

In the case of obtaining prizes, these may be collected by the payment method that the player chooses or, failing that, through an account in his name, opened in a company in the financial system under the supervision of the SBS.

It should be noted that only those sporting events that are part of national or international associations, federations or sports leagues can be the subject of sports betting.