President Tabaré Vázquez, who signed the budget bill on Monday, said that from henceforth online gambling was “absolutely prohibited,” other than the limited sports betting offered by the state-owned national lottery and gambling monopoly, La Banca de Quinielas.
With gambling laws that are more than 120 years old, it’s little wonder that the country’s rule book needs an overhaul, but instead of going for outright prohibition, Uruguay could have taken a leaf out of Colombia’s book.
Earlier this year, Colombia became the first Latin American country to legalize and regulate online gambling, and recently welcomed its third licensee.