The Regulator is Coljuegos and the regulation is considered the most advanced regulation in all LatAm.
Gambling regulation in Colombia
Coljuegos deeply analyzed the Spanish gambling regulation when preparing their own one, hence there are a lot of similarities between both regulations.
GGR in Colombia was approx 52 million EUR in 2022. Spain is a country with a similar population and GGR in Spain is 18 times that of Colombia (950 million euros GGR in Spain per year approx).
Gambling tax in Colombia is 15% and there are other fees to pay to Coljuegos on a yearly basis.
Moreover, operators are requested to have local presence in the country, with at least a branch, and there is a guarantee to be paid in order to get the license.
Gambling operators in Colombia
There are 16 operators operating in Colombia. A few more have left the market, and there are a mix of local and international operators.
Among the local ones we can stand out Betplay and Wplay and among the internationals we have Betsson, Bwin, and William Hill.
These are all the operators currently operating in Colombia (note that Betfair sold their license to Stake and Mozzartbet stop operating in December 2023):
