At Itzitip, we specialize in key regulated markets across Latin America and Europe, including
We know the licensing processes, compliance requirements, and technical standards that apply in each of these jurisdictions.
In addition to these, there are other markets where online gambling is growing rapidly, even in the absence of formal local regulation. In these emerging regions, we help our clients navigate the landscape, assess opportunities, and operate responsibly while preparing for future regulation.
Chile
Online gambling in Chile is not regulated. Although it has been discussed multiple times in Congress, no law has been approved yet, and there is no clear timeline for its regulation.
Some of the main operators in the country include Betano, Coolbet, Jugabet, and VidaVegas Chile.
Ecuador
Ecuador has approximately 17 million people and its official currency is the USD, which facilitate things in terms of online payments.
Land base gambling is explicitly prohibited in Ecuador, with the National lottery being the only allowed form of gambling.
Ecuador does not yet have a formal regulatory framework for online gambling, but there is a clear tax structure in place. Operators offering services in the country must register their activity with the tax authority and comply with local fiscal obligations.
This includes paying specific taxes on gambling revenues, even in the absence of a licensing process. At Itzitip, we can assist you in understanding the fiscal landscape, registering your operation with the relevant authorities, and ensuring you remain compliant with Ecuadorian tax regulations.
Find out more about the status of Online Gambling in Ecuador.
Paraguay
Paraguay is a country with more than 6.5 million people and it represents the clear example of a monopoly within the Gambling industry.
The regulator, Comisión Nacional de Juegos de Azar (Conajzar), recenetly renewed the online license granted in the country, to Apostala, a brand that belongs to the company Daruma Sam.
The other two companies that applied for the license have appealed the decision and actually one of them (the jointventure between B-Gaming and Gambling S.A. have sued the Regulator (Conajzar).
The other company that applied for the license and that appealed the decition was Playtech.
Further more, Aposta.la is under investigation for money laundry and fraud.
Meanwhile, lots of international gamgling companies accept players from Paraguay and the Regulator doesn´t seem to prosecute them as they are based out of the country.
Venezuela
The population of Venezuela is 29 million people.
Land base gambling is regulated by the Comisión Nacional de Casinos (CNC) and recently some new casinos have opened its doors in Hotels and touristic areas.
Online gambling is not mentioned anywhere in the regulation, so it has remain a “grey market” with no signs to be regulated any time soon.
In Venezuela everyone uses USD which facilitates the online payments, but nevertheless, it´s precisely online payments what represent the biggest challenge for gambling operations in Venezuela.
Bolivia
With 11 million people, Bolivia is one of the countries in LatAm with the lowest rent per capita.
Gambling was regulated in 2010 and there are currently two operators with licenses to operate landbase casinos.
Online operations are mentioned in the regulation, but there is not an specific regulation for this form of gambling.
Sports betting are explicitly prohibited in the regulation.
With regards to online gambling operations from international operators, the regulator doesn´t seem to prosecute it and Bolivia is considered a “grey market”.
Argentina
Argentina has a unique regulatory structure, as online gambling is regulated at the provincial level rather than nationally. Some provinces have its own set of rules, licensing processes, and regulatory authorities.
Some provinces have established regulatory frameworks and are open to new operators and partnerships. Others, however, are regulated but currently closed to new entrants, limiting access to a select group of licensed operators.
At Itzitip, we help you identify the provinces where entry is possible and guide you through the local licensing or partnership requirements so you can operate online gambling in Argentina.
Contact us!
Contact us and let´s talk about how can we help your company in LatAm and Spain
Disclaimer
We are not lawyers, nor fiscal or legal advisors and our posts and web content are just our thoughts and considerations regarding the different aspects of the gambling regulations and activities.
If you want to know more about any specific regulation, please feel free to contact us and we can analyse with the help of our lawyers and prepare specific legal advice.
English is not our mother tongue, so please excuse typos and grammar errors.