{"id":14015,"date":"2025-10-01T08:30:00","date_gmt":"2025-10-01T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=gambling&#038;p=14015"},"modified":"2025-09-30T21:43:35","modified_gmt":"2025-10-01T02:43:35","slug":"polymarkets-colombian-push-puts-local-betting-operators-on-edge","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/polymarkets-colombian-push-puts-local-betting-operators-on-edge\/","title":{"rendered":"Polymarket\u2019s Colombian push puts local betting operators on edge"},"content":{"rendered":"\n<p><strong>Bogot\u00e1, September 2025.<\/strong> \u2013 Polymarket, the blockchain-based prediction market that has raised eyebrows across the U.S. and Europe, is now making waves in <strong>Colombia<\/strong>, where its arrival is rattling licensed betting operators. The platform, already notorious for allowing users to wager on political events, has opened prediction markets tied directly to Colombia\u2019s <strong>2026 presidential and congressional elections<\/strong>\u2014a move considered off-limits under Colombian law.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>Launched in New York in 2020, Polymarket lets users buy and sell \u201cshares\u201d in the outcome of future events. If the prediction comes true, the shares pay out $1; if not, they become worthless. Transactions are settled in <strong>USDC stablecoins<\/strong> via the <strong>Polygon blockchain<\/strong>, allowing global access without banks or traditional payment processors.<\/p>\n\n\n\n<p>For Colombia\u2019s regulated sector, this model is disruptive. Licensed operators pay heavy fees to <strong>Coljuegos<\/strong>, undergo strict compliance audits, and are barred from offering political wagers. Polymarket, operating offshore and tax-free, bypasses those rules and markets itself as a community-driven forecasting tool rather than a sportsbook.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/achtung-german-gambling-authority-issues-warning-on-polymarkets-event-contracts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Achtung! German Gambling Authority issues warning on Polymarket\u2019s \u2018event contracts\u2019<\/a><\/p>\n\n\n\n<p>The backlash has been immediate. <strong>Fecoljuegos<\/strong>, the country\u2019s main industry association, has urged regulators to block Polymarket, citing \u201cunfair competition\u201d and warning that turning elections into betting markets could undermine democratic legitimacy. Critics also fear the platform\u2019s crypto rails could facilitate <strong>money laundering<\/strong> or manipulation of political expectations.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"576\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/polymarkets-colombian-push-puts-local-betting-operators-on-edge2.jpg\" alt=\"\" class=\"wp-image-14016\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/polymarkets-colombian-push-puts-local-betting-operators-on-edge2.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/polymarkets-colombian-push-puts-local-betting-operators-on-edge2-300x225.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<p>Polymarket has been here before. In 2022, the U.S. Commodity Futures Trading Commission (<strong>CFTC<\/strong>) fined the company <strong>$1.4 million<\/strong> for running unregistered derivatives markets. After temporarily shutting out U.S. users, it re-entered the market this year by acquiring a licensed derivatives venue.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/what-is-polymarket-and-why-did-it-catch-the-attention-of-anj\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is Polymarket, and why did it catch the attention of ANJ?<\/a><\/p>\n\n\n\n<p>Whether Colombia follows suit with enforcement remains unclear. For now, Polymarket\u2019s entry has put operators in <strong>checkmate<\/strong>, underscoring the tension between <strong>Web3 innovation and local regulation<\/strong> in Latin America\u2019s fastest-growing online betting market.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymarket has launched election betting markets in Colombia, sparking backlash from local operators and regulators. The blockchain-based platform challenges Coljuegos\u2019 authority.<\/p>\n","protected":false},"author":1,"featured_media":14017,"menu_order":55,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[9,102,4934,105],"class_list":{"0":"post-14015","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sin-categoria","8":"tag-colombia","9":"tag-online-betting","10":"tag-polymarket","11":"tag-sports-betting","12":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polymarket\u2019s Colombian push puts local betting operators on edge - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Polymarket has launched election betting markets in Colombia, sparking backlash from local operators and regulators. The blockchain-based platform challenges Coljuegos\u2019 authority.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/polymarkets-colombian-push-puts-local-betting-operators-on-edge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polymarket\u2019s Colombian push puts local betting operators on edge - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Polymarket has launched election betting markets in Colombia, sparking backlash from local operators and regulators. 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