iGaming in LatAm moved quickly in 2025. Regulatory updates often arrived at the same time, combining new ordinances, enforcement actions, advertising limits, and political discussions. For operators, the year felt like steady progress paired with tighter controls.
This acceleration is happening in one of the world’s fastest-growing regulated gambling regions. LatAm’s online betting and gaming market is projected to surpass USD 10 billion in gross gaming revenue within the next few years, led by Brazil, Mexico, Colombia, and Peru.
With Brazil entering its first fully regulated year and Mexico increasing AML enforcement, this digest by Atlaslive outlines where LatAm iGaming stands after 2025 and what to expect in 2026.
LatAm iGaming in 2025—Snapshot
2025 brought firmer rules and stronger oversight. Brazil moved into federal supervision, Mexico relied on financial and security enforcement, and several markets reinforced AML and responsible-gaming standards.
Brazil began operating under Law 14.790/2023, with the Secretariat of Prizes and Betting (SPA) acting as the federal regulator. Peru continued implementing Laws 31557 and 31806 and Supreme Decree 005-2023-MINCETUR.
AML pressure increased. In Mexico, federal coordination led to the suspension of 13 casinos for alleged illicit activity. Peru issued Resolution 03622-2025, defining AML/CFT rules for online gambling operators.
Responsible gambling became mandatory. Brazil advanced self-exclusion, player limits, and mental-health protections, while Colombia entered full enforcement of its updated responsible gaming framework.
Advertising controls tightened as well, with Argentina enforcing Law 6.330 and Chile’s Supreme Court ordering ISP blocking of unlicensed betting sites.
Brazil and Mexico in 2026
Brazil enters 2026 as a fully supervised market. SPA’s proposed 2026–2027 Regulatory Agenda focuses on refining authorization, supervision, and sanctioning, with new themes covering affiliate advertising, physical digital terminals, and player risk monitoring. With laws passed in 2024 and implementation completed in 2025, 2026 marks Brazil’s shift to steady-state enforcement.
Mexico continues treating 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 are already filed and may be debated in 2026.
Other LatAm Markets
Peru enters its first full operational year under MINCETUR’s revised structure, with AML rules fully implemented. Colombia continues executing its 2023–2026 Strategic Plan. Chile’s online betting bill has advanced to detailed Senate review. In Buenos Aires City, responsible gaming and advertising rules remain in force under Law 6330, alongside a draft law proposing tighter advertising controls.
What This Means for Operators
LatAm closes 2025 with clearer rules and stronger enforcement. In 2026, the focus shifts to operating within established frameworks. Compliance across licensing, AML, responsible gaming, payments, and marketing must function as part of daily operations, especially in Brazil and Mexico.
Find the full digest in Atlaslive’s blog.