Legalization of Online Gambling in Colombia

South America is home to some of the greatest gamblers in history. Players have the opportunity to indulge in different forms of gambling with other players in different parts of the world. When it comes to legislation, South American nations are famous for their old-time standards and outdated laws that were established during the colonial period.

There are only nine casinos in this region. And betting is even more restricted. Only four nations can participate in horse and dog racing gambling activities. If you think that land-based casino operators are having a hard time, online gambling is even more difficult to enter.

At the moment, Columbia is the only nation in Latin America that has been regulated and permitted to operate in the online betting world. So, what’s the future of online gambling in Colombia? Let’s find out.

Online gambling in Colombia

As we mentioned earlier, Colombia is the only nation in South America that has been authorized and fully regulated in the online gambling world. The first online gambling license in Colombia was issued by the famous regulator in the region, Coljuegos back in 2017. Since then, the Colombian government has made it easier for its citizens to access their favorite games on foreign gaming sites.

Colombia is liberal when it comes to gambling online such that its capital, Bogota hosts the online gambling expo every year. Back in 2017, a decree was issued by the gambling authority which allowed the player to access live casino games which include baccarat, blackjack, and roulette. Also, casino products were allowed in the region.

As experts at https://casinoofthekings.com/betsoft/ report, the online gambling market in Colombia is going to be competitive on a huge scale in a few years to come. It’s important to keep in mind that only licensed operators will be allowed to offer casino games and products to avid gamblers.

Choosing an online casino

Since most gamblers in Colombia will be new players in the digital space, it’s important to know how to spot reputable lowest wagering requirements casino sites and play to win real money. It’s easy to determine whether an online casino is reputable or not by looking at the following factors:

• Licenses: As we have seen, only licensed and regulated online casinos will be allowed to offer live games and other casino products. Therefore, the first thing that you should check before playing is the license. Reputable sites display their licenses on their official sites.
• User reviews: Always make an effort of reading user and expert reviews before registering or making a deposit to avoid wasting your time and hard-earned cash
• Game variety: Always go for an online casino that offers a wide variety of games and amazing products. Remember, you are gambling not just to win but also to have fun.