🇨🇴 Colombia cracks down on illegal gambling: 10,000 sites blocked

🇨🇴 Colombia cracks down on illegal gambling: 10,000 sites blocked

➕ Coljuegos, Colombia's gaming regulator, has blocked 10,000 websites and social media accounts linked to unlicensed betting. This initiative aims to fight illegal operators and protect funds allocated to the public health system.

📌 Impact of enforcement:

🔵 Only 16 sites hold an official license in the country, generating COP 435.2 billion in revenue for the healthcare sector in 2024.

🔵 Coljuegos has initiated 35 administrative processes against influencers and companies promoting unlicensed platforms.

🔵 Fines can reach up to COP 142 million for those violating regulations.

👀 New taxation and its implications

⚠️ In addition to cracking down on illegal gambling, Colombia has proposed a 19% tax on online betting. Industry experts fear this could strengthen the underground market. 📉

🔗 More details: iGaming Business

#Betting #Colombia #ResponsibleGaming #Regulation

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