The Colombian regulator authorities recently said they are working on a draft resolution to outline the co-organized operation on online gambling.
However, they also clarified that they will not be suppliers or developers of the platform.
According to the section 1.3.11 of the regulation 'co-organized operation' is defined as the “operation in which several authorized operators join any platform or software where they allow their players to participate in a single game.”
Those players, the text reads, make use of their credits to participate in a shared gambling session. These participation credits that emerge as a result of the bets become a ‘common fund’ by which winners are awarded prizes once the operator’s fee is subtracted.
In this line, representatives of the Colombian regulator said the co-organized operation can only be achieved among companies authorized to offer online gambling in Colombia and, therefore operators from other jurisdictions will not be allowed to participate.
This is something similar as the poker shared liquidity in Europe and inside the US.
Coljuegos officials also said that the draft resolution, which was submitted for public comment in July does not outline that the regulator will develop a platform to which players could be adhered to participate in a single game.
