Online Gambling In Latin America: Is It Regulated?
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In Latin America, many gamblers used to attend to casinos regularly, but found online casinos an interesting alternative. Now the region is perceived as the new most profitable opportunity for expanding their market. For online gambers in Latin American it is important to be aware of the laws and regulations of this activity.
The online gambling industry has been growing for the past two decades. Latin America is perceived as the new most profitable opportunity for expanding their market. Online gamblers in Latin American need to be aware of the laws and regulations of this activity.
The regulations and laws regarding online gambling platforms in Latin America are changing constantly.
Colombia started regulating online gambling activities in 2017. There are now seventeen legal active operators. The market is profitable and growing.
Supermatch is the only legal online gambling site in Uruguay. Many Uruguayans play online to avoid taxes.
Argentina is the most complex country in Latin America in terms of legislation regarding online gambling. Most provinces are authorizing online betting. Seven international companies are licensed for gambling operations.
Currently, online gambling in Brazil is forbidden. The focus is on decentralizing gambling activities nationwide.
The only legal gambling activities in Chile are from national casinos. Online gambling is still forbidden, but a lot of citizens have access to international gambling platforms. The government is aware that the need to regulate the activity is urgent.
The online and remote gambling market is legal in Mexico. The advancement of online platforms and technology has been fast. New legislations are to be made to ensure a safer and more profitable gambling experience.
The government in Panama wants to introduce new operators to the online gambling market. There are two legal active operators, but new platforms are engaged in negotiations and are surely to be active very soon.
Puerto Rico has a Gaming Bill that regulates all activities related to sport betting, gambling and electronic games. Colombia is the most advanced country in the region in terms of legislation and possibilities for online gamblers. It is only a matter of time before every country regulates the activity for the enjoyment and protection of gambers.
