Legislation to Modernize Paraguay Gambling Law Passes
Paraguay’s Chamber of Deputies has approved sweeping reforms to the Paraguay gambling laws, marking a significant shift toward market liberalization in a sector long dominated by monopolies. Regardless if you want to get into the sports betting business full-time or just earn passive income from gambling, you need to stay updated with global gambling markets.
The legislation passed during an extraordinary session on December 24, overhauls the 1997 gaming law and restructures the country’s regulatory framework. A key provision places the National Gaming Commission (Conajzar) under the National Directorate of Tax Revenues (DNIT), a move designed to strengthen regulatory enforcement and revenue collection.
Paraguay Gambling Law Reforms
The reforms aim to dismantle existing monopolies in the gambling industry, opening the market to new operators at national, departmental, and municipal levels. This marks a departure from Paraguay’s historically restrictive gambling market, which has faced criticism for its lack of competition and transparency.
The bill’s passage follows multiple reform attempts dating back to the early 2000s when initial calls for market liberalization met resistance from established industry players. The current legislation emerged from the growing recognition of gambling’s potential as a significant revenue source for public coffers.
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Problems with The Bill
The Chamber of Deputies’ debate over gambling law reforms revealed sharp divisions among lawmakers, particularly regarding changes to Article 20 of the legislation.
Deputies Adrián Vaesken and Rocío Vallejo emerged as leading critics of the modifications during Tuesday’s extraordinary session. Their concerns centered on the revised regulatory structure proposed in Article 20, though specifics of their objections were not immediately detailed.
Deputy Yamil Esgaib defended the changes, arguing they would enhance the National Gaming Commission’s ability to execute its oversight duties.
What’s Next for the Reforms
The reforms must now proceed through implementation phases, with regulatory bodies preparing for increased oversight responsibilities under the new framework. Industry observers anticipate the changes in Paraguay will attract new investment. Meanwhile, government oversight will help ensure a fair and open gambling market in Paraguay.
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