TLDR Chile’s CMF proposed rules requiring payment operators to serve only licensed gambling businesses The plan comes from a public consultation on activities allowed for payment card operators CMF President Catherine Tornel confirmed the rule would apply to deposits and payouts Unlicensed online casinos, even those based overseas, would be affected if illegal under Chilean law The move follows other government steps including Supreme Court rulings and new tax registration rules
Chile’s Financial Market Commission, known as the CMF, has proposed new rules for payment operators working with online casinos. The regulator wants payment providers to only offer services to gambling businesses that are legally authorized in Chile.
The proposal comes from a public consultation launched by the CMF. The consultation is reviewing which activities payment card operators are allowed to support.
CMF President Catherine Tornel raised the issue during a recent meeting. She said the plan follows Chile’s broader effort to define the legal status of online gambling sites that operate without a license.
CMF Proposal Targets Unlicensed Casinos
Under the plan, payment operators would only be allowed to serve companies that hold proper gambling licenses in Chile. This includes online casinos based outside the country.
If those overseas platforms would be considered illegal under Chilean law, payment operators could not process their transactions either. The rule treats foreign and domestic unlicensed casinos the same way.
Tornel was asked directly whether the rule would stop payment operators from working with unlicensed casinos. She confirmed that it would.
She explained that only companies with the necessary license can legally run a casino business in Chile. Any company without that license would not be considered legitimate under the proposed rule.
According to Chilean outlet La Tercera, Tornel said payment operators could not provide services to companies that lack