In the link below, Partner Ingrid Alvarado writes in Legal 500. This country-specific Q&A provides an overview of gambling laws and regulations applicable in Colombia.
Colombia has a well-structured gambling framework, regulated primarily by Coljuegos. Games of chance include lotteries, sports betting, casinos, horse racing, and online gambling. All operators must hold a local license, comply with technical and AML/CFT requirements, and follow responsible gaming and advertising rules.
Licensed operators are subject to taxes on gross gaming revenue and online bets. Non-compliance can result in fines, criminal penalties, and loss of winnings for players. The market continues to evolve with new tax and technical regulations expected in the coming years.