Peruvian Congress votes in new iGaming measures

peruvian-congress-votes-in-new-igaming-measures

The government of Peru is to ban free bets and game demos, as well as mandating registration for suppliers, as part of its efforts to regulate online gambling.

Back in July, the country’s Congress voted in favour of a Bill to regulate. This was signed into law a month later and has now come into full effect.

The Ministry of Foreign Trade & Tourism of Peru (Mincetur) will regulate all gambling and, subject to a consultation period that ends on December 2nd, new restrictions will include a ban on all free bets and a number of supplier registration requirements. Operators will be forbidden from offering any form of free remote betting or gaming, including game demos.

The regulations state that operators may not offer any type of remote betting or gaming for free, whether this is for promotional purposes or for education such as through a demo of a game. Breaking these restrictions could result in fines in excess of US$50,000.

Further restrictions on advertising are included, as is the requirement for all potential suppliers to register with Mincetur prior to offering their services to licensed operators.

The operators themselves will require separate licences for remote betting and gaming and must be either registered in Peru or have an established premises in the country.