Editorial Update: 2026-03-27 – Verified against primary legislation and regulatory authorities

Institutional overview of Latin America’s evolving gaming and iGaming markets, covering licensing frameworks, supervisory authorities and capital flows across key jurisdictions.

LatAm Data Snapshot

• Coverage: Brazil, Colombia, Peru, Mexico, Argentina, Chile
• Regulatory models: Licensing, concession-based, provincial and transitional frameworks
• Primary authorities: SPA (Brazil), Coljuegos (Colombia), Mincetur (Peru)
• Market status: Mixed (regulated, transitional and decentralized)

Overview

Latin America operates a fragmented regulatory structure, with each jurisdiction maintaining independent legislative and supervisory frameworks. Markets range from fully regulated licensing systems to decentralized or transitional regimes.

Jurisdiction Highlights

• Brazil: Fixed-odds betting regulated under Law 14.790/2023, with federal supervision by the Ministry of Finance.
• Colombia: Online gambling regulated under a concession model administered by Coljuegos.
• Peru: Remote betting regulated under Law 31557 with national licensing under Mincetur.
• Mexico: Federal authorization framework under the Law of Games and Raffles with SEGOB oversight.
• Argentina: Decentralized provincial regulation across multiple jurisdictions.
• Chile: Legislative framework under development for online betting platforms.

Country Clusters

Brazil
Federal licensing framework for fixed-odds betting under Ministry of Finance supervision.

Colombia
Concession-based licensing system under Coljuegos.

Peru
National licensing framework under Mincetur.

Regulatory Architecture

No unified regional regulator exists. Each jurisdiction operates independently, requiring country-level assessment of licensing, taxation and enforcement frameworks.

Capital Flows and Market Structure

Investment activity is concentrated in jurisdictions with defined regulatory frameworks, particularly Brazil, Colombia and Peru, where licensing systems provide legal certainty for operators and investors.

Regulatory News

• Brazil – Ministry of Finance implementation of Law 14.790/2023
• Peru – Implementation of Law 31557 for remote betting
• Mexico – Administrative updates to federal gambling framework