No, FanDuel’s operations in Peru face prohibitive legal barriers under current gambling laws, as the country’s regulatory framework strictly prohibits online sports betting platforms unless licensed by the Ministry of Foreign Trade and Tourism (MINCETUR) and the Superintendence of Banking, Insurance, and Pension Funds (SBS). While Peru legalized online gambling in 2018, licenses are exclusively granted to domestic operators or foreign entities with local partnerships, excluding FanDuel’s direct market access.
Key Regulations for FanDuel in Peru
- Licensing Requirement: MINCETUR and SBS jointly regulate online gambling, mandating licenses for all operators. FanDuel lacks a Peruvian license, rendering its services illegal under Decree Law No. 709 (1991) and Supreme Decree No. 006-2018-MINCETUR.
- Local Partnership Mandate: Foreign operators must collaborate with Peruvian-registered entities to obtain approval. FanDuel’s U.S.-based model does not comply with this structural prerequisite.
- 2026 Compliance Shifts: Proposed amendments to Law No. 27796 (2024) aim to tighten oversight, requiring operators to demonstrate tax transparency and anti-money laundering (AML) protocols aligned with FATF standards. FanDuel’s current framework does not meet these criteria.
Peru’s gambling laws prioritize consumer protection and revenue capture, with enforcement agencies actively blocking unlicensed platforms. FanDuel’s entry would require restructuring its business model, securing local partnerships, and obtaining dual regulatory approval—an unlikely scenario under current conditions.