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WILL COLOMBIA BE THE NEXT ONLINE GAMBLING LICENSING JURISDICTION?
23rd December, 2015 at 21:09:27
Gambling regulator launches a public consultation process.
The Colombian gambling regulator Cojuegos has advised that it has drafted three proposals regarding possible regulatory and technical details necessary to support the licensing of online gambling, and is inviting public comment in a consultation process.
The proposals envisage a full range of online casino gaming covering most verticals, including fantasy sports and in-play betting. The most notable exception appears to be horse race betting.
The regulations proposed appear to be fairly standard, with operators required to establish Colombian domains, but being allowed to advertise their offers. Operators would be required to pay up to 1% of GGR as an admin fee and tax rates on GGR of between 15 and 17 percent.
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