Ecuador is embracing a significant shift in its sports betting landscape with the introduction of a new licensing framework and tax regime under Executive Decree 487, signed by President Daniel Noboa. These measures aim to regulate the growing industry, ensuring compliance while addressing concerns about player protection and ethical gaming practices. New Licensing System The updated framework mandates that sports betting operators, both resident and non-resident, must acquire a license issued by the Ministry of Sports to operate in Ecuador. The license, valid for five years, costs an annual fee equivalent to 655 unified basic salaries—estimated at $307,850 for 2025. This fee must be paid within the first 20 days of the fiscal year to avoid sanctions, potential blocks, or operational restrictions. With these changes, the number of registered sports betting operators in Ecuador has grown to 65 as of September 2024, reflecting the government’s effort to formalize the industry. Tax Regulations for Operators and Players Starting July 1, 2025,… Read More
Category: News
Source: Casino News Daily
