A Snapshot of Paraguay's Online Gambling Landscape
In Paraguay, gambling is both legal and regulated; however, this pertains mainly to physical venues. With the internet's rise and widespread mobile use, online gambling sits in a legally ambiguous zone.
Paraguay's lawmakers have been debating online gambling regulations, but substantial progress hasn't materialized. Hence, many gambling enthusiasts in Paraguay seek out online platforms where they can indulge in classic casino games akin to what’s available in licensed local establishments. offshore casino sites The entity charged with overseeing gambling regulation in Paraguay is the National Gambling Commission, under the jurisdiction of the Ministry of Finance. Officially recognized as
Gambling Regulations in Paraguay
La Comisión Nacional de Juegos de Azar (CONAJZAR) , it was founded in 1997 through Law No. 1,016/1997. This law predominantly shapes the current gambling framework in the nation: The law authorizes casino games, lotteries, raffles, bingo, quiniela, sports betting, horse racing, and telebingo.
- The rights to exploit national games of chance are awarded through public tender, typically spanning five years.
- Engaging in gambling without the necessary permissions is treated as an economic offense against the state and equated to fraud under the nation’s criminal code.
- Nevertheless, the existing law doesn't specifically address online gambling, and thus far, no legal actions in this area have been publicized.
Perks and Drawbacks of Paraguayan Online Casino Betting