The Colombian gambling regulatory body (Coljuegos) proposed the creation of an Ibero-American environmental lottery. Held in several Latin American countries, the lottery would aim to raise money to combat the impact of climate change.
The proposal was made by the president of Coljuegos, Marco Emilio Hincapié, during the eighth Ibero-American Games Summit. He participated in a panel discussion about the future of gaming in Colombia and Latin America.
“We present our progress in terms of regulation. Furthermore, we took the opportunity to propose the creation of a large Ibero-American lottery. This would allow us to direct resources to combat the effects of climate change,” said Hincapié.
Environmental lottery would be administered by a Latin American commission
Thus, in addition to the environmental lottery, Hincapié also suggested the creation of a Latin American commission of regulators. So, this commission would aim to foster collaboration between national regulators in the region, promote responsible gambling and combat illegal gambling.
“As a result of the summit, we committed to combating the illegality of gambling in each of our countries. Additionally, we will seek to reach agreement on technological and regulatory strategies that enable regulatory protection in Latin America.”
The lottery and sports betting market in Colombia has experienced significant growth in recent years. To give you an idea, the country has more than 50 million citizens and more than 6 million active players.
Therefore, the sports betting industry in Colombia has grown exponentially. The country was the first in Latin America to approve a law to regulate online casinos, back in 2016.
Currently, there are almost 20 different online betting platforms available to Colombian bettors.
