Endorsed by President Peña and the Ministry of Finance, the measures and amendments carried by the bill received federal approval from Paraguay’s National Congress in December.
Changes introduced by the bill will allow Paraguay’s government to de-monopolise its gambling sector as measures introduce new competition in the lottery and sports betting sectors, expanding from one to three licensees.
In 2024, proceedings saw President Peña forced to intervene in the passage of the bill, as its review had been stalled by the Constitutional Affairs Committee.
The bill also seeks to open the gambling market by removing existing monopolies and allowing unlimited licences for sports betting and other games. Additionally, it proposes regulations for online gambling and betting to keep pace with technological advan..