Colombia Sets Legal and Financial Rules for Raffle Tech Operators

Colombia’s playing regulator, Coljuegos, has launched an in depth regulatory framework establishing the authorized, monetary, and technical necessities for authorising expertise operators within the raffle sector. The decision, drafted in coordination with the Nationwide Council for Video games of Luck and Likelihood (CNJSA), goals to formalise the systematised operation of raffles, enhance oversight, and guarantee stability within the sector. The draft is open for public remark till August 20, 2025, through [email protected].

The framework covers necessities for home and international authorized entities, utility procedures, monetary requirements, and enforcement mechanisms, with authorisations granted for a most of 5 years and topic to renewal.

Authorized and Company Documentation

To qualify, corporations should current a Certificates of Existence and Authorized Illustration issued inside 30 days of utility, displaying that the corporate’s period matches or exceeds the time period of the licence sought and that its company goal instantly pertains to offering technological providers for raffles. A company decision is required if the consultant lacks express authority to use.

Different obligatory paperwork embody copies of ID for the authorized consultant, accountant, and statutory auditor; proof {of professional} registration for the auditor; an up to date shareholder composition certificates itemizing final pure particular person homeowners; and proof of social safety and parafiscal funds for the previous six months. The latest revenue tax return or a justification for exemption have to be submitted.

Overseas corporations with a Colombian department should present native registration paperwork, whereas these with out should current official certification from their residence jurisdiction confirming existence, powers of illustration, and company goal.

Monetary Viability Requirements

The decision introduces particular monetary indicators that candidates should meet, verified by Coljuegos’ monetary administration division. These embody:

Liquidity ratio of at the least 1.60
Debt stage not exceeding 60%
Working capital of at the least COP 6.35 billion
Curiosity protection ratio of 1.80 or increased
Constructive return on fairness and return on belongings

Monetary statements have to be ready consistent with Colombian accounting requirements (NIIF), licensed by the authorized consultant and accountant, and, the place relevant, audited by the statutory auditor. Statements have to be dated as of December 31 of the prior fiscal 12 months, or preliminary statements for brand spanking new entities.

Technical Certification and Transition Interval

According to the CNJSA decision, expertise operators should guarantee their platforms meet the Central Recreation System (SCJ) certification requirements, verified by accredited laboratories. Operators may have as much as six months from approval to acquire this certification.

A 12-month transition interval will enable the continued use of bodily tickets and guide gross sales whereas platforms are upgraded to adjust to the brand new technical necessities. Coljuegos’ Expertise Workplace will conduct the technical analysis through the authorisation course of.

Software Course of, Length, and Sanctions

Purposes have to be emailed to Coljuegos with all supporting authorized, monetary, and technical documentation. As soon as all standards are verified, Coljuegos will subject an administrative act granting authorisation for as much as 5 years. Renewal requests have to be submitted at the least three months earlier than expiry.

Coljuegos might revoke or amend an authorisation if a breach of obligations below the decree, the technical necessities annex, or the authorisation act is confirmed, following the process in Article 47 of Regulation 1437 of 2011.

Based on the regulator, these measures are designed to “assure the operational and financial viability of expertise corporations that run raffles in Colombia” and to keep up public belief within the systematised operation of video games of probability. The mixed authorized, monetary, and technical requirements are anticipated to modernise the raffle sector whereas guaranteeing accountable and clear operations nationwide.

Supply:

Coljuegos abre a observación proyecto de resolución para operadores tecnológicos en rifas, coljuegos.gov.co, August 2025.