Venezuela's gambling authority is the Comisión Nacional de Lotería, CONALOT, which publishes a structured legal framework section covering the constitution, organic laws, special laws, regulations, administrative rulings and decrees that govern the sector. That layered presentation is genuinely useful, because it shows a reader which instrument sits above which rather than presenting a single statute in isolation. CONALOT operates a registration system known as SITCON, and publishes step-by-step registration guidance for it, alongside channels for complaints and for applications, and a responsible gambling section. A registration system of that kind is the closest thing the jurisdiction publishes to a licence register. The practical caution for anyone assessing Venezuela is that the country's economic conditions, exchange controls and payment isolation shape the gambling market far more than the regulatory framework does, and none of that is visible from the commission's published material. This profile records the commission and leaves the substantive detail as honest gaps. Vertical status beyond lottery, licence types, fees, tax treatment, advertising rules and compliance obligations have not yet been verified against primary sources. The position on remote gambling is not asserted here and should not be inferred from the presence of a national lottery commission.
A soldier is charged with turning $33,000 into more than $400,000 on contracts predicting the capture of Nicolas Maduro. Five days earlier, the CFTC chairman called the Venezuela example fake news.
The CFTC convened its Innovation Advisory Committee for the first time and the prediction markets session turned into an argument between the chairman of the largest US derivatives exchange and the regulator. The number Terry Duffy brought was 2,500, and nobody disputed it.
A Polymarket trader turned $30,000 into $436,000 by betting on President Maduro's capture days before it happened, sparking debate over whether prediction markets incentivise insider trading on military conflicts.
Gobierno Bolivariano de Venezuela
Comisión Nacional de Lotería