Being the first LatAm country to be strictly regulated by a regulatory body, Coljuegos, Colombia has surely been attracting quite a substantial amount of attention.

In an insight published in BtoBet’s latest Industry Report, Chairman Alessandro Fried states there is much to be optimistic about regarding the full potential of the iGaming sector in Colombia. Not only has the country set itself as a leader in Latin America by incorporating a strong regulatory environment, but with the Colombian regulators themselves stating that they are willing to work more closely with other countries on regulatory issues, everything seems to affirm that eventually Colombia will set itself as an example for other markets in the region.

There is also good reason to believe that a broader cooperation would result in a more linear, harmonised and standard approach to the regulation across the entire region ultimately benefitting all the major countries, including Colombia itself.

The efforts made by the local authorities to open up the gaming market should be duly noted. The efforts by the Colombian authorities to set up a system based on a robust and transparent regulation with the operators and customers’ protection in mind are truly commendable and should serve as an example for other LatAm jurisdictions.