Legality Issues of Latin American Online Gambling in 2021
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The modern casino market grows and develops all the time. Countries prospering due to the massive income that casinos contribute to national treasury. Latin America is an area where the question of casino legality depends on the countries’ government policy. Most laws in Latin American countries have no legislative basis. Local authorities solve various issues that concern casinos at their discretion.
The gaming market in Mexico is regulated by the Gambling and Raffles Bureau. Online gambling is not as well-regulated as offline gambling. Some casinos and betting halls in the capital accept players again after a quarantine. The permit was issued by government due to a decrease in Covid-19 cases detected.
Argentina is the second economy in Latin America. Online gambling is legal in Argentina, but every casino site must get a license from local authorities. The annual income from gaming businesses is $2.4 billion.
Brazil has a ban on gambling, but the betting sector is still legal and develops rashly. Many Brazilians keep gambling in unregulated houses costing millions of dollars each year. If local players want to gamble they visit the neighboring Uruguay where land-based casinos are not prohibited.
Gambling is legal in Uruguay. The development of this industry has faced neither religious nor political prejudice. People are allowed to enjoy all kinds of gambling services including casino table games, slots, sports betting, and lotteries. Unlicensed casinos are strictly prohibited in the country according to the law adopted by the president of the nation in January 2018.
The Ministry of Finance of Chile plans to finalise a law that will make online gambling legal in 2021. The document should regulate online betting and online casinos. All operators will be under the control of local authorities and the treasury will get some profit.
