Argentina’s Asociación de Loterías, Quinielas y Casinos Estatales de Argentina (ALEA), the country’s governing body for gambling and sports betting regulatory matters, is set to prepare the federal framework for legalised statewide gambling and sports betting.
The Argentine government who requested ALEA to review current legal policies with regards to online gambling, are said to want to bring more clarity to the gambling market.
Part of the proposed framework by ALEA, will see Argentina reform its gambling regulation to a more centralised policy, which will replace the current province based regulation of betting and gaming. ALEA criticised this policy for creating an inconsistent market, with too many separate laws and regulations to monitor.
ALEA will set the frameworks for regional and international operators to bid for licensing to enter the market. The governing body will also look to implement stringent monitoring of gambling and sports betting operators in order to fight crime and sports corruption.
Argentine newspapers commented that the first proposal on gambling and sports betting will likely be submitted within the next sixty days. ALEA has been studying gambling frameworks of other South American and international jurisdictions