LATAM iGaming after 2025: Where the market stands going into 2026

In this article, B2B software developer Atlaslive outlines how LATAM’s evolving regulatory landscape is reshaping iGaming operations and what operators need to prepare for 2026. 

LATAM iGaming saw rapid regulatory movement in 2025. New rules, enforcement actions, advertising limits, and policy initiatives often unfolded at the same time, reshaping operator obligations across the region.

This is happening in a market projected to exceed US$10 billion in online betting and gaming revenue within the next few years, led by Brazil, Mexico, Colombia, and Peru.

As 2026 begins, this Atlaslive digest highlights where LATAM iGaming stands after 2025 and what operators should prepare for next.

Regulatory position after 2025

By the end of 2025, LATAM had moved toward firmer rules and stronger oversight. Brazil entered federal supervision under Law 14.790/2023, with SPA acting as regulator. Peru continued implementing Laws 31557 and 31806 and Supreme Decree 005-2023-MINCETUR.

AML enforcement intensified. In Mexico, coordinated actions resulted in the suspension of 13 casinos. Peru issued Resolution 03622-2025, defining AML/CFT obligations for online gambling operators.

Responsible gambling became non-negotiable. Brazil advanced self-exclusion, player limits, and mental-health protections, while Colombia entered full enforcement of its updated responsible-gaming framework.

Advertising controls tightened in Argentina under Law 6.330, and Chile’s Supreme Court ordered ISP blocking of unlicensed betting sites.

2026: What changes

Brazil enters 2026 as a fully supervised market. SPA’s proposed 2026–2027 Regulatory Agenda focuses on refining authorization, supervision, and sanctioning, alongside new themes covering affiliate advertising, physical digital terminals, and player risk monitoring.

Mexico continues to treat gambling as a high-risk AML activity. Strict reporting and due diligence requirements remain in force, while legislative proposals to modernize the 1947 gambling law may progress through Congress.

LATAM at a glance

Peru enters its first full operational year under MINCETUR’s revised structure and AML rules. Colombia continues executing its 2023–2026 Strategic Plan. Chile’s online betting bill remains under Senate committee review. Buenos Aires City continues enforcing responsible gaming and advertising rules under Law 6330, alongside a draft law proposing tighter advertising controls.

What operators should expect

LATAM closes 2025 with clearer expectations and stronger enforcement. In 2026, the focus shifts to day-to-day compliance. Licensing, AML, responsible gaming, payments, and marketing controls must operate as standard practice, especially in Brazil and Mexico.

Find the full digest in Atlaslive’s blog.