Colombia’s national gambling regulator, Coljuegos, has issued a new resolution that formalises the standards for technology companies providing services to
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.
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:
Applicants must submit financial statements to prove they meet these thresholds, providing the regulator with a clear view of their financial health.
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.
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.
