This week Peruvian president Pedro Castillo signed a bill into law that legalizes online gaming and sportsbetting after the country's lawmakers voted to legalize the activities last month.
The law will make the Ministry of Foreign Trade and Tourism of Peru the country's gaming regulator. The regulator will oversee all gambling activities, and will be granted authority to block websites that don't hold a Peruvian license. Operators will be taxed at a rate of 12% and includes net income minus maintenance costs.
Those found to be violating the country's gaming laws will face fines of SOL200 and freezing of assets and license disqualification.
The law will take place 60 days after it is published in the country's official newspaper El Peruano.