Chile's government has submitted a new package of amendments to the bill that would create a licensed online-betting market. The Senate Economy Committee has started examining the text, which combines a proposed advertising ban, tighter identity controls and a 22% effective tax burden.
The measure remains in its second constitutional stage under Senate bill 14838-03. It is not yet law, and the committee will continue its article-by-article review before any further Senate votes. The original regulation proposal entered Congress in 2022.
The executive package would prohibit advertising by licensed and unlicensed online-betting platforms. A transitional provision would allow operators seeking regularisation to honour qualifying pre-existing advertising contracts for up to one year. Acquisition bonuses and promotions would also be prohibited, according to SBC Noticias.
The tax design applies Chile's 19% VAT to the monthly difference between stakes and prizes, plus an additional 3% levy. Licences would last five years and carry an annual fee of 1,000 monthly tax units. Operators that previously served Chile without a licence could use a transitional route involving a separate 3,000-unit payment and settlement of digital VAT obligations.
Player-protection provisions include stronger authentication, possible biometric checks, default deposit and session limits, and an exclusion register. The BioBioChile report also describes site and payment blocking against illegal platforms. These provisions may still change during committee scrutiny.
