Colombia about to expand online gambling market

New proposals by the Colombian regulator Coljuegos could if approved see a significant expansion in the nation’s online gambling market, embracing live dealer casino action, player-sharing deals, virtual sports and racing products, keno games and exchange betting.

The proposals are open to public comment until November 20.

Colombia, which was the first South American nation to legalise online gambling last year, has so far issued five online licenses and hopes to attract more operators.

The player sharing element could see the return to the market of PokerStars, which withdrew due to limitations in this vertical earlier this year. The regulator acknowledges that the player-sharing deal signed by Spain, France, Portugal and Italy influenced its re-thinking on the issue.

Coljuegos also envisages a market in which licensees may offer betting on international financial propositions, although this would specifically exclude betting on local stocks or indices. Also excluded is betting on the performances of cyber currencies, along with wagering on political outcomes and events.

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