Coljuegos, Colombia’s gambling regulatory agency, has modified the regulation of online gambling to enable bets on virtual events.
By modifying agreement 04 of 2016, events that comprise animated graphics representing a real event, or the collection of scenes corresponding to previously developed real events, are now considered virtual games.
According to the regulations, no bets will be allowed during the event and “virtual games whose graphic representation represents lottery or numerical games will not be authorized”. In this way, the online gaming operators authorized by Coljuegos may offer slot machines, roulette, blackjack, baccarat, bingo, poker, sports betting and virtual games.
Through a statement, the Colombian Federation of Luck and Chance Game Entrepreneurs (Fecoljuegos), headed by Evert Montero Cárdenas, celebrated the news. It reiterated, however, that “…it is still pending progress in the implementation of the live casino, a game that would potentially allow, in addition to a growth in the online operation and the generation of significant contributions to the country, opportunities in technological development and innovation of the activity ”.
Colombia is a pioneer in regulating online gambling. In relation to Latin America, it was the first country in the region that regulated online betting. Wplay.co, betplay.co, zamba.co, mijugada.co, colbet.co, codere.com.co and rushbet.co are some of the online betting houses that operate in the country.