Tier 2 Composite RegionData collected 2026-10-03Data published 2026-10-03
Entry note(written 3 Oct 2026): Latin America presents as a composite regulatory region rather than a single market. Entry answers are per game, in the product grid below.
No domestic primary official source retrieved yet. None of the sources retrieved for this jurisdiction is the official instrument or regulator publication itself (tier 1). No finding on this page is shown with confidence above “Probable” until stronger sources are retrieved.
Amber
Board Briefing
LATAM remains the fastest-growing regulated gambling region globally, but is NOT a single market — Brazil, Colombia and Peru offer open national licensing routes, while Mexico, Argentina and Chile present legacy, fragmented or absent frameworks respectively.
What has changed ›
Colombia's tax basis changed three times in 13 months (deposit VAT -> suspended -> GGR consumption tax); Mexico's federal IEPS jumped from 30% to 50% of GGR effective 1 Jan 2026; Chile's online licensing bill cleared the Senate in August 2025 but remains unenacted.
Prioritise Brazil, Colombia and Peru for near-term entry given operational licensing routes; treat Mexico entry economics as materially worse post-IEPS reform; monitor Chile for a 2026 enactment window before committing resources.
Latin America presents as a composite regulatory region rather than a single market. Brazil, Colombia and Peru operate dedicated online gambling licensing frameworks: Brazil's federal regime under Lei 14.790/2023, supervised by the Secretaria de Premios e Apostas, opened on 1 January 2025; Colombia's Coljuegos concession model under Ley 643/2001 has run since 2016, the region's longest-standing regulated channel; and Peru's MINCETUR/DGJCMT framework under Ley 31557/2022 has operated since February 2024.
Mexico remains governed by the 1947 Ley Federal de Juegos y Sorteos through an extended-permit doctrine rather than a dedicated digital statute. Argentina has no federal online-gambling statute, leaving regulation fragmented across 23 provinces and the Autonomous City of Buenos Aires. Chile has no current online betting or casino channel, though a Senate-approved bill passed in August 2025 remains in further legislative process.
Latest update
2 periodic updates
2026-03-12taxeshigh impactProbablebettingcasino
Colombia's Decreto 0240 (12 March 2026) establishes a 16% national consumption tax on GGR, Colombia's third gambling tax structure in 13 months, bringing the effective combined burden to roughly 31-34% of GGR.
Constitutional Court suspended the deposit-VAT decree; government re-based the levy onto GGR via new decree.
2026-01-01taxeshigh impactProbablebettingcasino
Mexico's federal IEPS on gambling GGR rose from 30% to 50%, effective 1 January 2026, extended for the first time to non-resident digital operators serving Mexican players.
Latin America presents as a composite regulatory region rather than a single market.
Regulatory posture
partial
Time to revenue
see assessment
Capital req.
see assessment
Confidence
Probable
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Amber
Market Opportunity
The addressable opportunity across Latin America is substantial on current estimates: combined regional gambling revenue was projected above USD 37 billion in 2025, with the online segment forecast to reach USD 10 to 12 billion by 2028. Brazil's regulated market alone is estimated at USD 4.5 to 5.4 billion in gross gaming revenue for 2025, the clearest single-market data point in the region.
· ~1 min read
Set against this scale, Colombia's and Mexico's compounding tax changes function as a demand-side headwind: the combined effective burden now reaching an estimated 31 to 34% of GGR in Colombia, and the Mexican federal IEPS rate doubling to 50%, both compress the margin available to fund growth in those two markets specifically.
Growth Trajectory
growing
Market Size Band
very_large
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Licensing & Regulation
Casino
Open
Poker
Open
Betting
Open
Skill Games
Not yet assessed
We have not made a determination for this product in this market yet. This is a statement about our coverage, not about the law.
Lottery
State monopoly
Software B2B
Not yet assessed
We have not made a determination for this product in this market yet. This is a statement about our coverage, not about the law.
Bingo
Not yet assessed
We have not made a determination for this product in this market yet. This is a statement about our coverage, not about the law.
Fantasy Sports
Not yet assessed
We have not made a determination for this product in this market yet. This is a statement about our coverage, not about the law.
Esports Betting
Open
Sweepstakes
Not yet assessed
We have not made a determination for this product in this market yet. This is a statement about our coverage, not about the law.
Crypto Gambling
Not yet assessed
We have not made a determination for this product in this market yet. This is a statement about our coverage, not about the law.
Affiliate Marketing
Restricted
Payments For Gambling
Restricted
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Standing brief, pending expert review.
Licensing routes differ by sub-jurisdiction but each sits on a defined statutory or concession instrument. Brazil's Secretaria de Premios e Apostas authorises operators under Lei 14.790/2023, which amended Lei 13.756/2018 and opened the federal online betting and casino market on 1 January 2025. Colombia's Coljuegos issues concession contracts under Ley 643/2001 and Acuerdo Coljuegos 04/2016, a model operational since 2016 and the region's longest-running regulated channel. Peru's MINCETUR and the DGJCMT issue national online licences under Ley 31557/2022, consolidated with Ley 31806/2023, live since February 2024. Mexico's SEGOB continues to license online betting through an extended-permit doctrine under article 85 of the Reglamento, layered onto the 1947 Ley Federal de Juegos y Sorteos rather than a dedicated digital statute. Argentina's licensing competence sits with provincial gaming authorities rather than a federal body, with licence terms ranging from five to fifteen years depending on the province.
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Regulated Activity Classes
All 20 canonical activity classes are shown for every jurisdiction so the grid is directly comparable. 13 carry an assessed status here. Where a class has no statutory activity-class assessment of its own, the status shown is the product-coverage position for that jurisdiction and is marked via product coverage — it describes whether the product can lawfully be offered, not that the regulator operates a separate licence class for it. Not yet assessed describes the state of our coverage and is not a statement that the activity is unregulated.
Player products
Casino
Open
Lei 14.790/2023 (Brazil) — online only; land-based casinos remain prohibited absent specific federal authorising law
Poker
Open
via product coverage
Bingo
Not yet assessed
via product coverage
Lottery
State monopoly
State-competence lotteries recognised by STF (e.g. Loterj, Loteria Mineira)
Sports betting
Open
Lei 14.790/2023 (Brazil)
Other event betting
Not yet assessed
Horse racing betting
Not yet assessed
Esports betting
Open
via product coverage
Exchange betting
Not yet assessed
Pool betting
Not yet assessed
Virtual event betting
Not yet assessed
Fantasy sports
Not yet assessed
via product coverage
Skill games
Not yet assessed
via product coverage
Prediction markets
Not yet assessed
Sweepstakes
Not yet assessed
via product coverage
Free play
Not yet assessed
Supply roles
Software / B2B
Not yet assessed
via product coverage
Affiliate marketing
Restricted
via product coverage
Payments for gambling
Restricted
via product coverage
Settlement rails
Crypto gambling
Not yet assessed
via product coverage
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Standing brief, pending expert review.
Online betting and casino product sits in an open, licensed status in Brazil, Colombia and Peru, each operating under the instruments described above. Mexico's position is better read as a grey zone: online gambling is permitted only through the extended-permit doctrine under article 85 of the Reglamento, applied to a 1947 statute, rather than through a purpose-built activity classification. Argentina has no federal activity-class designation at all; status depends on which of the 23 provinces or the Autonomous City of Buenos Aires an operator targets, with licence terms running from five years, renewable, in the capital to fifteen years in Buenos Aires Province and Cordoba. Chile's online betting and casino product has no current licensed channel, with the route to an open classification running through the Senate-approved bill that passed in August 2025 and remains in further legislative process.
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Entry Pathways
For an operator building a market-entry plan, three routes are currently open: SPA authorisation in Brazil under Lei 14.790/2023, Coljuegos concession in Colombia under Ley 643/2001, and MINCETUR/DGJCMT licensing in Peru under Ley 31557/2022, each with operators already authorised and trading. Mexico's extended-permit route under the 1947 Ley Federal de Juegos y Sorteos and its 2004 Reglamento is available but structurally different from a dedicated digital licence, and Argentina's pathway requires province-by-province applications across 23 provinces and the Autonomous City of Buenos Aires rather than a single federal filing.
· ~1 min read
Chile is not yet an entry route for online product: its Senate-approved licensing bill, which would introduce a 20% tax on gross gaming revenue, passed the Senate in August 2025 but remains in further legislative process, so no licence can presently be obtained there.
SPA Federal Fixed-Odds/Online-Casino Authorisation (Brazil)
Operational · Secretaria de Prêmios e Apostas (SPA/MF) · Lei 14.790/2023 amending Lei 13.756/2018
Provincial Online Gambling Licence (Argentina — varies by province)
Operational · Provincial lottery/gaming authorities (e.g. LOTBA, IPLyC) · Provincial gaming codes (no federal online statute)
Online Betting Licence (Chile — pending)
Not Yet Open · Superintendencia de Casinos de Juego (prospective) · Boletín 035/2022 lineage, pending Senate passage
B2B licensing
2 services
Key conditions
3 conditions
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Amber
Player Protection
Self-exclusion infrastructure is confirmed in two sub-jurisdictions. Brazil operates a cross-operator self-exclusion registry under the Secretaria de Premios e Apostas and the Ministry of Finance, allowing a player's exclusion to apply across all licensed brands rather than a single operator. Colombia operates a single-cedula player register under Coljuegos, using the national identity document as the register key.
· ~1 min read
Brazil's biometric identity-verification architecture under Portaria SPA/MF 722/2024 functions as an identity layer supporting self-exclusion enforcement, linking a player's civil registry identity to the exclusion record. Detail on deposit-limit setting and reality-check prompts has not been established in the material available here for any sub-jurisdiction.
Confidence
Uncertain
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Amber
Consumer Protection
General consumer-protection law applies as an overlay rather than a gambling-specific regime in every sub-jurisdiction examined: Brazil's Codigo de Defesa do Consumidor, Colombia's Ley 1480 of 2011, Mexico's Ley Federal de Proteccion al Consumidor, and Peru's consumer code each extend ordinary consumer-law doctrine, such as unfair-terms review and standard complaints handling, to gambling transactions alongside other commercial activity.
· ~1 min read
No sub-jurisdiction examined here has a gambling-specific alternative dispute-resolution mechanism; a bettor's complaint route runs through the same general consumer-protection authority that would handle any other consumer dispute. This distinguishes the consumer-protection layer from gambling-specific player-protection measures such as Brazil's and Colombia's self-exclusion registers.
Consumer Law Framework
CDC (Código de Defesa do Consumidor, Brazil) as general overlay; equivalent consumer-protection statutes in Colombia (Ley 1480/2011), Mexico (LFPC), Peru (Código de Protección y Defensa del Consumidor)
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Amber
Distribution & Platform Rules
Brazil carries the region's only clearly evidenced distribution-platform rule: licensed operators must migrate their platforms to the .bet.br domain, and non-compliant platforms face financial-transaction blocking or licence revocation. This domain mandate functions as a distribution control as much as a technical one, since it allows app-store, ISP and payment-provider counterparties to distinguish compliant from non-compliant platforms by domain alone.
· ~1 min read
No comparable app-store or affiliate-marketing restriction is established for Colombia, Mexico, Peru, Argentina or Chile, though Colombia's ISP and domain-blocking programme, run jointly by Coljuegos and the Ministry of Information Technologies and Communications, performs an analogous access-control function against unlicensed operators.
Geo Gating Requirements
ip_based
Confidence
Probable
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Enforcement
Enforcement Style
rules_based
Enforcement Targeting
both
Enforcement Summary Last 12M
high
Unregulated Sector Enforcement Theory Summary
Across the two sub-jurisdictions where an enforcement theory is evidenced, Brazil and Colombia, the approach centres on access denial rather than purely financial penalty: Brazil's Ministry of Finance and SPA blocked approximately 2,000 unauthorised websites from October 2024, publishing a list of 205 sites tied to 93 authorised companies, while Colombia runs a parallel ISP and domain-blocking programme jointly operated by Coljuegos and the Ministry of Information Technologies and Communications. Both models treat the unlicensed sector as a channelisation threat rather than a matter for civil penalty alone, relying on network-level access restriction as the primary enforcement instrument.
Enforcement Style
rules_based
Enforcement Targeting
both
Enforcement Summary Last 12M
high
Unregulated Sector Enforcement Theory Summary
Across the two sub-jurisdictions where an enforcement theory is evidenced, Brazil and Colombia, the approach centres on access denial rather than purely financial penalty: Brazil's Ministry of Finance and SPA blocked approximately 2,000 unauthorised websites from October 2024, publishing a list of 205 sites tied to 93 authorised companies, while Colombia runs a parallel ISP and domain-blocking programme jointly operated by Coljuegos and the Ministry of Information Technologies and Communications. Both models treat the unlicensed sector as a channelisation threat rather than a matter for civil penalty alone, relying on network-level access restriction as the primary enforcement instrument.
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Amber
Extraterritorial Reach
Cross-border effect in this region runs primarily through tax-policy spillover rather than direct extraterritorial enforcement mechanisms. Colombia's repeated changes to its gambling tax basis, now three changes within thirteen months, and Mexico's doubling of its federal IEPS rate to 50% of gross gaming revenue are together shaping how operators model worst-case tax scenarios when assessing other Latin American markets, and are reported to be slowing new-market investment appetite across the wider region.
· ~1 min read
No asset-restraint, travel-restriction or cross-border passport-style enforcement mechanism is established for any sub-jurisdiction examined here; the extraterritorial effect identified is a commercial and investment-modelling one rather than a legal-enforcement one.
Confidence
Probable
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Sub-jurisdictions
Regulatory reach of this parent jurisdiction into 6 member territories.
Brazil
Colombia
Mexico
Peru
Argentina
Chile
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Amber
AML / CFT
AML/CFT architecture is thinly evidenced across the region. Colombia is the only sub-jurisdiction where a named supervisory instrument is identified: concession-holders answer to the SARLAFT regime under the oversight of the UIAF, the national financial-intelligence unit. No FATF or GAFILAT mutual-evaluation status, and no specific suspicious-transaction or currency-transaction reporting threshold, has been established in the material available for Colombia or for any other LATAM sub-jurisdiction examined here.
· ~1 min read
Brazil's AML posture is addressed indirectly through its identity-verification architecture: the mandatory biometric face-match and CPF cross-check against the Receita Federal database, set by Portaria SPA/MF 722/2024, functions as a customer-due-diligence control even though it is framed as a KYC rather than an AML instrument. No comparable AML/CFT detail is available for Mexico, Peru, Argentina or Chile.
Aml Cft Obligations Band
medium
Confidence
Uncertain
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Not covered
Cross-Monitor AML/CTF Signals
Cross-border AML/CTF signals are not covered for this jurisdiction in this report.
Covered elsewhere
Data Protection
Data protection obligations are not covered in this report. They are not specific to gambling licensing: the controller and processor duties that apply to a licensee are the same ones that apply to any business handling personal data in this jurisdiction, so this report links to the specialist source rather than restating it. Gambling-specific privacy duties -- player data retention, age and identity verification, marketing consent -- are covered in the player protection and operational obligations sections above.
Brazil carries the region's most specific technical-compliance regime. Under Portaria SPA/MF 722/2024, betting platforms, online games and live-dealer studios must be certified by a testing entity whose operational capacity the Secretaria de Premios e Apostas has formally recognised, and any data centre hosting a licensed operator's infrastructure must hold ISO 27001 certification.
· ~1 min read
These requirements sit alongside, rather than instead of, Brazil's identity-verification architecture, meaning an operator's technical build must satisfy both testing-entity certification and hosting-security certification before going live. No comparable technical-standards detail is established for Colombia, Mexico, Peru, Argentina or Chile.
Rng Certification Required
True
Game Approval Process
pre_launch_approval
Geolocation Required
True
Data Localisation
soft
Hosting Requirements
approved_locations
Technical Standards Body
SPA-recognised testing entities (Brazil); ISO 27001 for data centres
Confidence
Probable
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Amber
Operational Obligations
Brazil's operational obligations are the most clearly defined in the region. Under Portaria SPA/MF 722/2024, licensed operators must run mandatory biometric face-match identity verification and cross-check player identity against the Receita Federal database. The same instrument requires betting platforms, online games and live-dealer studios to be certified by an SPA-recognised testing entity, and hosting data centres to hold ISO 27001 certification.
· ~1 min read
Brazil's licence conditions also require bettor funds to sit in a segregated fiduciary account forming a separate patrimony, with peer-to-peer transfers and wallet-sharing between bettors prohibited, and mandate migration of operator platforms to the .bet.br domain. No comparable operational-obligation detail at this level of specificity is established for Colombia, Mexico, Peru, Argentina or Chile.
Confidence
Probable
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Red
Cost to Operate
Tax Basis
mixed
Confidence
Probable
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Amber
Payments & Money Flow
Brazil's payment architecture is the most tightly specified in the region: licence conditions under Lei 14.790/2023 require bettor funds to be held in a segregated fiduciary account forming a separate patrimony, prohibit peer-to-peer transfers or wallet-sharing between bettors, and mandate migration of operator platforms to the .bet.br domain, with financial-transaction blocking or licence revocation the consequence of non-compliance.
· ~1 min read
Colombia's funding rails run through more conventional local payment methods: PSE bank transfer and Efecty or Baloto cash vouchers are the dominant permitted channels, with international cards accepted but not sufficient as a sole funding method. No comparable payments-specific instrument detail is established for Mexico, Peru, Argentina or Chile.
Confidence
Probable
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Amber
Competitive Landscape
Licensed Operator Count
78
Market Concentration
fragmented
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Amber
Reform Horizon
The clearest active reform process in the region is Chile's online betting and casino licensing bill, in the Boletin 035/2022 lineage, which proposes a 20% tax on gross gaming revenue. The bill passed the Senate in August 2025 and remains in further legislative process as of mid-2026, meaning enactment is not yet confirmed and the final fee schedule and licence-condition detail could still change before any licence becomes obtainable.
· ~1 min read
No comparable draft-legislation or formal consultation process is established for Brazil, Colombia, Mexico, Peru or Argentina; those sub-jurisdictions' frameworks appear settled rather than under active legislative revision, notwithstanding Colombia's recent tax-basis change, which took effect by decree rather than through a reform bill.
Reform Stage
consultation
Regulatory Direction
mixed
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Lateral & spillover risks
2 providers visible in the commercial data for this jurisdiction.
IMGL member firms (regional LATAM gaming practice)law_firm
gamingcompliance.io standards explorer (BR/MX/CO/PE)tech_compliance
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Trust & verification
Provenance of this record.
Expert review
Pending expert review
Content Source
AI-assembled from cited sources
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Architecture patterns
6 patterns
Curaçao-licensed operator soliciting Colombian players without Coljuegos concession