Paraguay executive presents bill to eliminate gambling monopoly

In an effort to modernize regulation, a new project in Paraguay seeks to end the nation's gambling monopoly.
As part of this, the draft proposal calls for the legal monopolies in Paraguay's gambling industry to be eliminated. Instead of needing to obtain access through tender procedures, it would allow private operators to compete in the market.

 

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A new project in Paraguay is aiming to end the country's gambling monopoly. This legislative proposal seeks to eliminate the current model, which has traditionally granted exclusive rights to one company to operate various gambling services, including lotteries and sports betting. The bill proposes that multiple private operators could compete for licenses, fostering more competition and potentially reducing illegal gambling. The changes would also modify key parts of the national gambling law to allow more flexibility in licensing, such as granting licenses to the top three bidders instead of just one.
The bill has faced some delays, but lawmakers are optimistic about its potential to modernize the industry and boost state revenue. However, the process has been met with some concerns, including the challenge of balancing regulatory power between national and local authorities. Despite these obstacles, the reform is seen as a significant step toward liberalizing Paraguay's gambling market.