Comparison with Peru and Colombia (Venezuela)

Peru and Colombia are the two most indicative benchmarks for Venezuela in Latin America. Both markets have gone from fragmented practices to systemic online betting/casino regulation and the formation of "white" payment chains. For Venezuela, this is a "mirror of the future": what tax and institutional solutions work, how to harmonize offline and online, how to reduce the share of the underground and return tourism.

Short: how the approaches differ

Parameter	Venezuela (current logic)	Peru	Colombia
Regulatory model	Segmented/incomplete, meaning grey channel	Centralized framework for online (individual licenses, regulations), offline - stable	Mature centralized online regulator, uniform rules and registries
Tax base	Losses due to offshore/underground; focus on offline segments	GGR tax for online + fees; better administration	GGR tax, predictable rates, regular reporting
Licensing	Limited transparency, whitelisting unstable	Public requirements, admission procedure, B2C/B2B roles	Established practice with public brand/domain registry
Law enforcement	Spot locks/raids	Domain locks + PSP operation	Standard: blocking, cooperation with payment, sanctions
Responsible Play (RG)	Scattered practices	RG Center and Operator Tool Requirements	Centralized RG circuit, metrics and ombudsman
Payments	Nal/P2P/stablecoins without a single "white tire"	Wide "white" channels + fintech wallets	Broad PSP range, oversight and reporting
Tourism and MICE	Potential not revealed	Limited, focus on online earnings	Offline cluster in key cities, synergy with tourism
Underground share	High	Decreases	Low relative to region

Regulation and licensing: Lessons for Venezuela

1. Unified register of brands/domains/PSP and laboratories - critical (Colombian experience).

2. Separation of B2C/B2B and certification of content providers/platforms - improves quality.

3. Stable GGR tax instead of working capital: reduces incentives to go into the gray zone.

4. API reporting T + 0/T + 1 is an industrial standard for online (Peru/Colombia).

5. Responsible game as a mandatory license module: limits, self-exclusion, support 24/7.

Taxes and economics

Colombia shows that moderate rates on GGR + license fees produce predictable revenue and "whitewashing" of the market.

Peru has accelerated the monetization of online: even with the gradual launch of regulations, the increase in collection is noticeable thanks to clear rules for calculating the base and reporting.

Venezuela benefits from the transition to GGR logic: every 1 billion conditional turnover online at a rate of 15-20% and a share of the prize fund ~ 60% generate a tangible tax flow + targeted deductions for RG/sports/culture.

Payment infrastructure

Colombia: PSP "white lists," SLAs for cashouts, transparent payout statuses.

Peru: hybrid solutions (cards/wallets/local transfers) + compliance for operators.

Venezuela: at launch - licensing on/off-ramp (including stablecoins), register of providers, anti-fraud models and KPIs for payment terms (T + 0/T + 1).

Responsible play and advertising

Colombia: centralized self-exclusion, restriction of targeting vulnerable groups, standardized disclaimers.

Peru: Strengthening RG requirements and bonus conditions (short summary on the first screen).

It is important for Venezuela to learn: RG is not a "cost," but a condition for the stability of fiscal flows and public confidence.

Law enforcement

Combo model (Peru/Colombia): domain blocking + ad cleaning + cooperation with payment + public "white lists."

For Venezuela: add QR marking of offline outlets, a hotline and an ombudsman, an accelerated complaint procedure in instant messengers (against "gray" storefronts).

Tourism and offline cluster

Colombia integrates offline content (hotel casinos, events) with urban tourism;

Peru relies on sustainable offline + online monetization;

Venezuela can collect "three scenes": the coast (resort facilities), the capital/large cities (hotel halls), Andean routes (events/poker series, gastronomic festivals).

SWOT for Venezuela (adjusted for Peru/Colombia benchmarks)

Strengths

High mobile coverage, habit of fast formats;

Bright cultural and tourist potential (Caribbean/Andes).

Weaknesses

Underground share, payment gap, distrust of payments;

Lack of a single RG system and ombudsman.

Opportunities

Rapid online growth when launching a "white tire" of payments;

Resort mini-clusters and MICE;

Export services: support/content in Spanish.

Threats

Excessive rates and fees → "re-serialization" of the market;

Weak law enforcement → channels in instant messengers;

Negative news feed → reputation swings.

Strategy matrix for operators (if Venezuela legalizes online)

Profile	Product	Payments	RG/Marketing
Mass	Clusters/Hold & Win, live show	Wallets + quick cashouts	Missions, cashback, simple bonus conditions
Sport focus	Micro markets live, combo bets	Instant coupon payments	Fluff frequency limit, responsible promos
VIP/Events	Poker series, tournaments, high-volatility slots	Individual limits, dedicated channels	Personal managers + strict RG policy

Road map for Venezuela (in the spirit of Peru/Colombia)

0-3 months: scaffold

Law + by-law: license categories (sports/casino RNG/live/B2B), GGR tax, bonus and advertising rules.

Public Registry: Brands/Domains/PSPs/Labs.

Self-exclusion center, ombudsman, hotline.

3-6 months: infrastructure

API reporting T + 0/T + 1; PSP whitelisting and crypto on/off-ramp.

Marking of offline points (QR), "secret buyer" under bonus conditions.

Campaign "Where to play legally" (lists of "white" sites).

6-12 months: pilots

Limited pool of B2C licenses + certified B2B; reporting stress test.

Advertising control (frequency, age, prohibition of false promises).

SLAs by cacheouts (T + 0/T + 1) as license KPIs.

12-24 months: scaling

Competitions for new licenses, resort/hotel facilities.

Tournament calendar (poker/bingo/slot sprints) for shoulder seasons.

Annual public report: fiscal fees, RG metrics, enforcement.

Key takeaways for Venezuela

1. We take from Colombia: mature license architecture, domain registry/PSP, RG and enforcement standards.

2. Taking from Peru: accelerated online launch with transparent GGR and API reporting.

3. We add our own: resort mini-clusters, "fast" mobile products, "white" payment bus including complimentary stablecoins.

4. We fix stability: tax rates for 3-5 years, understandable bonus rules, ombudsman.

5. We measure success: the collection of GGR-tax, the share of "white" payments, the speed of cashouts, RG-metrics, a decrease in "gray" traffic.

Peru and Colombia show that moderate tax rates on GGR + transparent licensing + real work with payments and RG create a sustainable industry and return revenues to the budget. For Venezuela, the best way is balanced legalization of online with the rapid launch of the reporting and payment infrastructure, the phased development of offline and strict standards for responsible play. This will convert demand from the "shadow" into investment, jobs and tourism attractiveness by 2030.