Trading tournaments in Chile

Chile's longest-running retail trading-tournament — a simulated equity competition with CLP 20M virtual capital based on the S&P IPSA index. Has run for over 30 years with CLP 1.5M in prizes to first place in the university bracket. Alumni network from three decades of editions is part of its structural value.

Similar pattern to Argentina — Chilean crypto user base is more buy-and-hold oriented than actively trading. Local exchanges (Buda, OrionX, CryptoMKT, ChileBit) run sweepstakes and referral programs. Active trading contests for Chilean residents flow through the regulated equity-simulator events and offshore CFD platforms.

Ley 21,521 (effective from 2023) brought crypto-asset service providers under CMF supervision with formal registration requirements. The framework hasn't shifted contest cadence on local crypto exchanges, but it clarifies the regulatory perimeter — CMF-registered crypto providers now operate within a clearer compliance framework.

Yes — FTMO, FundedNext, Apex Trader Funding accept Chilean residents per their public terms. Funding payouts to Chilean bank accounts use standard remittance flows under Chile's relatively open FX regime. Verify each firm's current jurisdiction list.

Prize income is generally reportable under Chilean Ley de Impuesto a la Renta. Specific treatment depends on whether the activity is hobby vs business, with separate brackets for ordinary income vs financial income. Crypto-asset gains have evolving treatment under CMF Fintech Law framework. Consult a Chilean tax advisor for amounts above modest thresholds.