The environment of sports betting in South America has changed dramatically in the last few years, as more and more countries and their legal systems try to regulate the activity. If you are a gambler, it is beneficial to comprehend the legal aspects so that if you want to deal with South America bookmakers, you are prepared. This guide will take you through the core of gambling laws, legislations and regulatory authorities in Brazil, Colombia, Argentina, Peru and Venezuela. As well as being the ultimate reference guide to South America bookmakers, betting sites, sports betting platform and the region’s gambling laws.
Brazil: Brazil’s Provisional Measure 1,182/2023 signed in July of 2023.
Colombia: The 2024 resolution of colombia legalizing electronic slot machines.
Argentina: The circular issued by Argentina’s AFIP in July of 2022 is General Resolution AFIP 5228.
Peru: Peru has its Law No. 31557 and the modification of the same law by Law No. 31806.
Venezuela: under President Nicolas Maduro, recently reopened 30 casinos.
Legal Framework of South America Bookmakers
The order of sports betting has greatly increased in South America. These factors that are driving the increase include technological developments, increasing internet usage, and rising interest in big sporting events. The shift is led by countries such as Brazil, Colombia, Argentina, Peru, and Venezuela; each with its specific rules and permits.
Brazil:
Laws regarding gambling in Brazil are very complicated. Almost all forms of gambling such as online betting are prohibited, though state lotteries, and horse racing betting is allowed. Sports betting may be allowed and the market will be liberalized for local and international operators.
Colombia:
Gambling is legal and is strictly regulated in Colombia. New laws were enacted in 2016 which allowed online betting, this includes sports betting, casino and poker. The operation of the websites is controlled by Coljuegos, which takes care of the licensing and regulation, so the players are protected.
Argentina:
The Argentinian gambling laws are quite complex and depend on the particular province which is why the regulation is rather fragmented. Some of the provinces have legalized online betting, and casinos, while others have very strict laws against it. The country is currently in the process of modernizing laws that pertain to the current technological age and the rights of consumers.
Peru:
Online betting on sports and playing in online casinos is legal and is regulated by the General Directorate of Casino Games and Slot Machines. New strategies are concerned with improving the disclosure standards and preventing the laundering of funds.
Venezuela:
The political and economical situation in Venezuela has also influenced the gambling sphere. Currently, the legal framework is somewhat vague and there are very few ways to place a legal online bet. There has not been much change in legislation framework or in the rules and regulations.
💡 key Takeaway: The knowledge of the peculiarities of the South American countries’ legislation is one of the primary prerequisites if you would like to get comprehensible information on the gambling industry in this region.
Brazil Gambling Laws and Legislation
Current Legal Framework
Decree-Law 9. 215/46: This law is against the act of gambling in the entire nation.
Pending Legislation: Brazil is starting the process of legalizing the sports betting and this is through the passage of Bill 5. 589/19.
Regulatory Bodies and Licensing
Fixed-Odds Sports Betting: These terms are established by the Ministry of Economy according to the Law 13,756/2018.
Horse Race Betting: Supervised by National Coordinator Commission of Horse Breeding (CCCCN) which is an agency of Ministry of Agriculture, Livestock and Food Supply (MAPA).
Recent Developments
The regulating authority of the sports betting in Brazil is the Ministry of Economy, namely SECAP. This agency licence businesses in the industry, regulate and ensure that the business operate within the set standard.
Regulatory Agencies in Brazil
Besides the welcome bonus, there are also bonuses that are associated with the deposit that a client makes in their accounts. These are offers that you get when you fund your betting account. For instance, there are those bookies who shall match a certain percentage of the deposit that you make or even give you extra cash to use on certain sports or games.
Recent Gambling Legislation
The past few years have been rather productive for Brazil’s gambling laws. Sports betting also became legal in 2018 but up to now there is no proper setup of the rules and regulation. The government is developing a framework that will allow local and international operator’s services to be legal in the country.
💡 key Takeaway: Gambling is forbidden in Brazil but laws have been recently made to allow sports betting under the government’s watch.
Colombia’s Gambling Framework
Legal Overview
Gambling in Colombia is controlled by the law, specifically Law 643 of 2001. The gaming industry is a state controlled and regulated business at the both national and regional levels.
Regulatory Authorities
National Level: Gaming control board which is called Coljuegos regulate all forms of gambling in the country.
Regional Level: The administration is carried out by the regional governments under the supervision of the National Council of Games of Luck and Chance (CNJSA) and the Health Superintendency.
Licensing Types
Concession Contracts: In Colombia, there are concession contracts that are given to operators, who then pay for the exploitation rights and not taxes on gaming.
Recent Changes
In 2024, Coljuegos made a regulation that enabled small business with electronic slots to regularize their business. The authorities plan to involve more operators in the legal field.
Recent Gambling Legislation
Sport betting has been legal in Colombia since 2016 when the law regulating the activity wasadopted opening the market for local and international operators.
Compliance Measures
Colombia sports betting operators are regulated by the strict rules such as the age limit restrictions to avoid the involvement of minors. The government of the country implements the anti-money laundering laws in order to promote the industry standards.
Quote:
★★★★★
“Colombia has adopted quite an advanced stance on the regulation of sports betting, thus ensuring that the market is secure for both the operators and the consumers. ”
Legal Expert
💡 key Takeaway: In Colombia, specifically more gamble on sports through a legal body known as Coljuegos to oversee gamble in the country.
Argentina’s Gambling Legislation
Decentralized Regulation
The legal framework of Argentina’s gambling industry is divided into provinces, each having its own set of rules. This results in a great deal of variation in the regulatory frameworks across the nation.
Key Regulatory Bodies
Buenos Aires: It is operates under the supervision of the Instituto Provincial de Lotería y Casinos de la Provincia de Buenos Aires.
City of Buenos Aires: Operated by LOTBA, S. E. which also has its own lottery website.
Online Gambling
The regulation of online gambling has started in the City of Buenos Aires and Province of Buenos Aires since 2018. Several operators are now up and running with more others likely to come on board in the next few years.
Critical Legislation
General Resolution AFIP 5228 that was published on July 2022 set provisions on the payment of taxes on online gambling thus cementing the regulations.
Current Regulations
The regulation of gambling is done at the provincial level thus leading to different laws prevailing in each province. The regulation of the gambling activities falls under the Lotería Nacional and IPLyC.
Recent Updates
Beginning the year 2019, Buenos Aires passed a law that legalised online gambling, which only allowed the provision of sports betting by licensed operators. The COCINT, the Consorcio de Convergencia Integral was created to address issues in relation to regulation and province integration.
💡 Key takeaway: The gambling business in Argentina is regulated by the provincial legislation, which is constantly changing concerning the online gambling sphere.
South America Bookmakers for Peru gambling
Overview of Betting Laws:
Gambling has been a part of the society of Peru for many years now. The regulation of the industry is provided by the General Law on Games of Chance and the DGJCMT controls the operations to ensure compliance.
Regulatory Authority
MINCETUR: The Ministry of Foreign Trade and Tourism is the body that has the responsibility of granting licenses as well as regulating online gaming and sports betting.
Licensing Details
Operating Licenses: Stood at six years and can be renewed. They do not allow transfer and are strictly regulated by the relevant legislation.
Key Features
Advertising Restrictions: Some of the regulations are very specific and cover areas such as advertising and promotion of gambling.
Responsible Gaming: These measures that must be put in place by operators to ensure that there is responsible gambling.
Recent Legislative Changes
The gambling laws of Peru have evolved due to the passage of Law No. 31557 in the year 2022 and further amendments in the same year by Law No. 31806. The regulation of the activity of sports betting and online gambling is governed by the Supreme Decree No. 005-2023-MINCETUR.
Regulatory Agencies
These include licensing, inspection, and enforcement of Standard provision and violation of the DGJCMT provisions. The gambling is also regulated within the jurisdiction of Lima and Callao municipalities.
💡 Key takeaway: As for the opportunities for legal betting in Peru, there are certain aspects that are highly regulated to minimize the possibility of other people’s unlawful activities.
Understanding Legal Venezuelan Gambling Laws
Historical Context
Gambling in Venezuela is relatively young, it started from the mid-1990s, however, during Chavez’s rule it was very limited. Recently, President Nicolás Maduro has allowed reopening of the casinos and bingo halls.
Key Regulations:
Online Betting: Sports betting and other forms of online gambling are also banned in the country; thus, the choice of games is quite limited.
Physical Betting Locations: Online betting is still unlawful within the country while the land-based sports betting have been legalized in authorized establishments so lengthy as they meet strict pointers and laws.
Regulatory Bodies
Comisión Nacional de Casinos, Salas de Bingo, y Máquinas Traganíqueles: It is in charge of the regulation of casinos and bingo halls.
SUNAHIP: It oversees issues to do with horse racing and sports betting.
Licensing Requirements
Casinos: Should be situated in the five-star hotels in the tourism areas only.
Online Gambling: It is only provided to companies that have physical gambling permits.
Current Developments
However, the government has allowed the operation of 30 casinos with a view of increasing on tourism and income.
Legal Framework
The activities of gambling are regulated by the CONAJZAR (National Commission of Casinos, Bingo Halls, and Slot Machines) with responsibility of overseeing all gambling activities including sports betting.
Quote:
★★★★★
“Colombia has adopted quite an advanced stance on the regulation of sports betting, thus ensuring that the market is secure for both the operators and the consumers. ”
Legal Expert
Thus, the regulation of sports betting in Venezuela can be described as being rather complex and posing certain challenges to both the authorities and other market participants.
💡 key Takeaway: Sports betting in Venezuela is regulated to the extent that there are certain difficulties and prospects for the development of the industry.
List of the Most Reliable South America Bookmakers
To bet on sports in South America, it is recommended to turn to legal and reliable bookmakers and avoid frauds and unreliable services. The following are some of the best in the region;
Dafabet
Established: 2004
Registered in: Philippines
Bonuses: Welcome bonus and refer a friend promotion
Features: Live betting on asian handicap, fast payments, vip service.
These bookmakers are known for their reliability, positive odds and clear interface, which is why they attract sports bettors from South America.
John Doe
💡 Takeaway: Choosing a South American bookie, check out the license, bonuses, features, and the overall company’s rating.
South America Bookmakers Regulation and Licensing
It is important to get the gambling licenses from several regulatory authorities in South America if one is to run a genuine bookmaking business. These licences allow for adherence to many rules and regulations set by the various authorities.
Brazil
Regulatory Agency: In Ministry of Economy
Licensing Authority: National development for economic and social development bank of Brazil.
Key Points: The laws reign in the possibility of people indulging in unlawful gambling and at the same time, regulate betting.
Quote:
★★★★★
“It can be noted that a license from BNDES is critical for bookmakers in Brazil, which proves their adherence to the country’s legislation on gambling. ”
Betting Adviser
Colombia
Regulatory Agency: Coljuegos
Licensing Authority: Ministry of Treasury and Public Credit of Colombia.
Key Points: Thus, according to bookmakers, they are required to align with Coljuegos regulations to afford legal operations.
Quote:
★★★★★
“Coljuegos is the institution in charge of the control of the gambling operations within the Colombian territory with the purpose of enforcing the principles of non-fraud. ”
Key Points: Lotería Nacional has laid down some guidelines that have to be followed to get a license to work as bookmakers.
Quote:
★★★★★
“Regarding licensing the Argentine Gaming Commission is the overseeing licensing authority that enforces gambling laws. ”
Betting Analyst
Peru
Regulatory Agency: National Superintendence of Customs and of Administration of Tax Collection (SUNAT)
Licensing Authority: JyG (Jueves y Gobierno – Thursdays & Government)
Key Points: There are rules which are put in place to check on the money laundering and to ensure that the game being offered is fair.
Quote:
★★★★★
”The Peru Gaming Control Board regulate the game business through licensing. ”
Expert Tip
Venezuela
Regulatory Agency: The Autonomous Service of Regulation;
Licensing Authority: National Commission on Games and Nongambling Casinos
Key Points: The process is quite rigorous in order to safeguard the consumers.
Quote:
★★★★★
“The owners of the bookmakers should have a license from the National Commission for doing business formally in Venezuela. ”
Legal Expert
💡 Key Takeaway: Every South American country has its own gambling regulating body for the operation of the gambling activities. There are some conditions that operators have to follow in order to get the license and work legally.
Major Sports Wvents and Athletes in South America
Many people associate South America with sports as well as fanatical fans. Below is a list of some of the significant sports and their athletes;
Brazil:
Major Events: Football – Copa Libertadores, Formula One – Brazilian Grand Prix and Cultural – Rio Carnival.
Sports Stars: It contains names of Brazilian personalities; Pele, Neymar Jr. , Marta Vieira da Silva, Ayrton Senna.
Colombia:
Major Events: Colombia cycling tour, Colombian football league, women’s pan American volleyball cup, etc.
Major Events: Among them are; football-Argentine Primera Division; Polo-Argentine Open Polo Championship; marathon-Buenos Aires Marathon.
Sports Stars: Cristiano Ronaldo Suárez, Charly García, Hugo Prym, Carlos Saavedra Lamas, Braulio, Assi Cohen, Juan Gonzalez.
Peru:
Major Events: Dakar Rally event, the national football championship, event in surfing.
Sports Stars: Teófilo Cubillas, Paolo Guerrero, Sofía Mulánovich and Kina Malpartida are some of the famous people of Peru.
Venezuela:
Major Events: These are Vuelta a Venezuela(cycling), Venezuelan Professional Baseball League, Copa Venezuela (football).
Sports Stars: Some of the Venezuela’s most famous people include; Pastor Maldonado, Carlos Coste, Yulimar Rojas and Johnny Cecotto.
★★★★★
Sport in South America is extremely developed, and there are many famous competitions as well as great athletes.
Sports Betting Expert
💡 Takeaway: South America is a homeland of significant sports games and gifted athletes who represent the region on the world arena.
South America Bookmakers Promotions and Banking
1. Types of Bonus Offered by South America Bookmakers in their Books;
Betting in South America is also boosted by various bonuses provided by various bookmakers. Common bonuses include;
Welcome Bonus: Provided to the new users, typically as a form of a bet or cash reward.
Deposit Bonus: This bonus type is a double of the player’s first deposit amount, given to the player as additional money.
Free Bets: An acknowledgment of placing bets with funds other than the ones belonging to the player.
Loyalty Rewards: Bonuses which are connected with constant playing and staying in the site or in the game.
2. Payment Methods:
That is why, simple and reliable payment methods are of great importance. Popular methods include:
Credit/Debit Cards: For transactions such as depositing and withrawing, it is fast and easy.
E-Wallets: Sites such as Paypal, SKrill and Neteller for convenient and safe payments.
Bank Transfers: Payments made from the players own bank account to the betting company.
Cryptocurrency: Some of the bookmakers accept Bitcoin as a payment method for deposits and withdrawals which enhance the anonymity of the bettor.
★★★★★
Bonuses and safe payouts are among the many offerings of South American bookmakers in making a enjoyable and safe betting experience.
Financial Analyst
💡 Key Takeaway: The part focused on bonus offers and payment methods outlines the perks of players and easy and efficient transactions from the leading South America bookmakers, thus providing the perfect betting experience.
Future Trends of South American Gambling Industry
The future of South American betting industry is being defined by certain trends as the industry grows. What the betting public and insiders will get is subsumed in the following:
1. Legalization and Regulation Advancements
Some of the Latin American countries including Brazil, Colombia, Argentina, Peru and Venezuela are reviewing their gambling laws in order to provide for the increasing demand of online betting. The regulatory agencies will maintain compliance and check whether all the laid down procedures are adhered to.
2. Technological Innovation
Envisage improvements in terms of enhanced mobile experience, live betting option, and new and improved interface for a smooth experience. More online sportsbooks will provide data-driven solutions and state-of-the-art innovations to improve the interaction.
3. Increased Market Competition
As more and more platforms fight for their piece of the market, South America will experience different odds, numerous sports and options of payment methods. Offshore sites will improve services to get more users.
4. Focus on Player Experience
Customer support will be valuable and the best bookmaker will pay much attention to the customers’ needs and comfort when placing bets. Get ready for better live stream, player prop bets, and special offers.
5. Emphasis on Responsible Gambling
The industry in South America is currently focusing on the prevention of problem gambling and preventing other unlawful activities. Initiatives will provide information on the potential consequences of betting to the players and help services.
💡 Key Takeaway: New prospects for the development of the betting business in South America are evident in the improvements in regulation, technology, competition, player experience, and responsible gambling. Sport fans and betting enthusiasts will have much to look forward to in the near future.
Conclusion
South America is the most active region in the sphere of sports betting; Brazil, Colombia, Argentina, Peru, and Venezuela are the countries to consider. Thus, it is crucial to comprehend the rules of the region, significant events, tendencies in betting, as well as license obtaining for gambling. To select the right bookmakers, it is advisable to analyze such aspects as bonuses, payment options, mobile application, and a live betting option. Learn the tactics that can be of much help to you in your betting experience.
FAQ of South America Bookmakers
Q: Are there any restrictions on online betting?
A: Yes, restrictions depend on the country. For instance, in Venezuela, it is only possible to get an online gambling license if one has a physical casino.
Q: What currencies do South America bookmakers accept?
A: Owing to the location, South America bookmakers mostly accept the money of the given countries. Some also take the US dollar and other big currencies of the world.
Q: How can I check if a bookmaker is legal in South America?
A: To promote a bookmaker as a legal website, you need to make sure that it has all the necessary permits issued by the country’s authorities. For example, in Colombia, players should search for the license from Coljuegos, while in Argentina, there is a difference by provinces.
Q: Are there any restrictions on South American gambling sites?
A: In this case, one has to be careful because the use of the international betting sites depends on the rules of that particular country. There are some countries that permit users to access the international websites; on the other hand, there are some countries that have put restrictions and only allow the use of specific locally licensed apps.
Q: Which region in South America has sports betting regulation?
A: Legalization of online sports betting is allowed in some South American countries like Colombia, Argentina, and Peru. Other Latin American countries are also gradually opening up their markets to online sports betting; Brazil is in the process of legalising the activity, while in Venezuela online gambling is permitted as long as it is provided by licensed companies.
Up To £100
Terms Apply
Up to £122
Terms Apply
Up To £130+ £5 Free Bets
Terms Apply
Bet £30 Get £30
Terms Apply
Up To £120+ £30 Free Bets
Terms Apply
Up To £120
Terms Apply
Up To £10015% Free Bets
Terms Apply
Up To £100
Terms Apply
Up To £1000 + £10 Free Bets
Terms Apply
Up To £100
Terms Apply
Up To £150+ Recharge £150 Free Bets
Terms Apply
Bet £10 Get £10
Terms Apply
Up To £100
Terms Apply
Bet £10 Get £10
Terms Apply
Up To £150
Terms Apply
Bet £10 Get £50
Terms Apply
Up To £100
Terms Apply
Up To £100
Terms Apply
Up To £50
Terms Apply
