Peru has achieved an extraordinary milestone in the fight against illegal online gambling, cutting unauthorized platforms by 40% in just a year. This achievement illustrates the effectiveness of its regulatory framework, setting an example for the iGaming sector worldwide.
How Peru Tackled Illegal Gambling
Comprehensive Regulatory Framework
In February 2024, Peru introduced Law No. 31557, creating stringent guidelines for online sports betting and gaming. The law includes:
- A 12% tax on net profits for operators
- A minimum license guarantee of $235,000 (~£177,000)
- License requirements for all operators and service providers
These measures eliminated unreliable operators while fostering a safe, legitimate market.
Strategic Enforcement Measures
The Directorate General of Casino Games and Slot Machines executed a dual approach to regulatory enforcement:
1. Financial Controls
Authorities partnered with banks and payment platforms to block transactions to illegal gambling sites, promptly forcing 15% of them out of operation.
2. Enhanced Oversight
Increased monitoring of digital platforms and the closure of unlicensed betting shops amplified the crackdown on illegal activities.
Growth in Peru’s Legal Gambling Sector
The regulatory framework has prompted substantial growth in Peru’s legal gambling market:
- 60 authorized technological platforms
- 280 registered service providers
- Nine internationally accredited certification laboratories
Furthermore, 683 new betting venues have been registered, elevating the nationwide total to 4,516.
Peru: A Regional Role Model
Peru’s regulatory success has positioned it as an inspiration for other Latin American nations. Its focus on consumer protection, transparency, and sustainable economic development strengthens its leadership in gambling regulation.
Key Takeaways
- Peru reduced illegal online gambling by 40% in one year.
- Introduction of Law No. 31557 led to a safer iGaming ecosystem.
- The regulated market has significantly grown, inspiring other countries.
Looking Ahead
With a strong foundation in place, Peru’s ongoing regulatory efforts promise further improvements. Its strategy could serve as a blueprint for addressing illegal gambling challenges across various markets worldwide.
