Latin America
Colombia licence.
Coljuegos
~30 licensed operators. Bplay, Codere, Betsson, Betano, Wplay among major names.
What the regulator asks for
Year one cost
€250k+ annual
Annual fixed licence fee 811 monthly minimum wages (~€250k/year). 3-5 year licence term.
Timeline
4-6 months
Coljuegos was the first LatAm regulator (2016). Process is mature.
Gaming tax
17% GGR (15% if RTP >=83%). Plus 1% admin fee. Plus 19% VAT on GGR from 1 January 2026 (shifted from deposits under emergency fiscal decree after Financing Bill failed in Senate). Effective combined burden ~34% of GGR.
Marketing climate
Moderate. Bonus advertising regulated.
The market
Colombia regulated online via the 2016 Egaming Act. The 2025 deposit-VAT episode caused a ~30% GGR drop and led to operator threats of market exit (Codere Online publicly). The 1 January 2026 shift of VAT base from deposits to GGR has stabilised the model.
How the application runs
Coljuegos application via Colombian entity. Technical certification. Local hosting elements.
Ongoing compliance
Self-exclusion register. AML under Colombian framework. Real-time Coljuegos data feed.
What you can and cannot say
Moderate restrictions. Affiliate accountability with operator.
The honest read
What it means for your plan
First LatAm regulator and structurally credible. The deposit-VAT episode showed political risk but also showed the regulator can self-correct. Suited to operators with serious LatAm thesis.
Get 3 actions
Weighing up Colombia?
One sentence is enough. I read these myself and reply with three actions you can take.