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Legislation to regulate sports betting introduced in Peru

Peru's Fuerza Popular political party, which holds the highest number of seats in Congress, has introduced a bill to regulate sports betting.

The activity is not officially prohibited in Peru but there is also no legal framework in place for its regulation.

The proposed bill would authorise the country's casinos to offer sports betting, both land-based and online, subject to a tax of 12 per cent of net gaming revenue.

Land-based sports betting venues will be prohibited within 150 meters of schools, hospitals, churches, military barracks and police stations and restricted to players over the age of 18, who will be required to submit identification to verify their age.

Licenses would be valid for an initial three-year term with the option to renew for a further three years, with operators required to notify all sports bets in real time to the proposed national regulator, the General Directorate of Games of Casinos, Slot Machines and Sports Betting under the Ministry of Foreign Trade and Tourism.

Operators currently active in the market without a license will be given 180 days from the adoption of the new legislationto regularise their activities, with sanctions for unlicensed operators and those that promote unlicensed sports betting providers.

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