Colombia's Coljuegos Sets Strict New Standards for Raffle Technology Operators

Colombia’s national gambling regulator, Coljuegos, has issued a new resolution that formalises the standards for technology companies providing services to
- Colombia’s gaming regulator, Coljuegos, has established a new resolution outlining strict legal and financial requirements for technology operators in the raffle sector.
- To be authorised, companies must now meet specific financial stability indicators, including a minimum liquidity ratio of 1.60 and a maximum debt level of 60%.
- Legal requirements include providing up-to-date certificates of existence, proof of social security payments, and having a corporate purpose directly related to the raffle sector.
- The authorisation process involves a technical evaluation by Coljuegos, with successful applicants receiving a five-year licence.
- The regulator has retained the power to revoke authorisations for non-compliance, aiming to ensure market integrity and transparency.
Colombia’s national gambling regulator, Coljuegos, has issued a new resolution that formalises the standards for technology companies providing services to the country’s state-licensed raffle sector. The new rules establish a clear and rigorous set of legal, financial, and technical requirements for any entity wishing to be authorised as a technology operator, marking a significant step in the professionalisation of this vertical.
The move is designed to enhance transparency, control, and integrity within the sector, ensuring that all third-party technology providers meet a high standard of operational and financial stability.
Strict Financial Stability Mandated
A key component of the new framework is the introduction of specific, quantifiable financial indicators that all applicants must meet to secure authorisation. Coljuegos is seeking to guarantee the economic viability of its technology partners. The mandated standards include:
- A minimum liquidity ratio of 1.60
- A maximum debt level of 60%
- A minimum working capital of over 6.35 million Colombian pesos
- A return on equity and assets equal to or greater than zero
- An interest coverage ratio of at least 1.80
Applicants must submit financial statements to prove they meet these thresholds, providing the regulator with a clear view of their financial health.
Comprehensive Legal and Corporate Requirements
Alongside the financial hurdles, prospective operators must also satisfy a list of legal and administrative requirements. This includes submitting a recent certificate of existence and legal representation, ensuring the company’s stated corporate purpose is directly related to providing technological services for raffles, and providing copies of identity documents for key personnel.
Furthermore, applicants must provide certification proving all social security and parafiscal payments are up to date. These requirements are designed to ensure that all authorised partners are legitimate, well-governed entities.
A Clear Authorisation and Supervision Process
The resolution outlines a clear procedure for authorisation. Applicants must submit all required legal, financial, and technical documentation to Coljuegos via email. The regulator’s technology office will then conduct a thorough evaluation of the technical aspects of the applicant’s platform to ensure its quality and security.
Authorisations will be granted for a maximum period of five years, with the option for renewal if a request is submitted at least three months prior to expiry. Crucially, Coljuegos has affirmed its power to revoke or modify any authorisation if an operator is found to be non-compliant with the new standards, ensuring ongoing oversight and accountability. This move is a clear signal of Coljuegos’ intent to build a stable and trustworthy ecosystem for all forms of regulated gaming in Colombia.
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