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Bolivia – Online Casinos & Gambling Regulations
Bolivia is located in the heart of South America. Like many countries in that region, Bolivia has had something of a tempestuous relationship with gambling. The country’s different governments have often changed regulations for gambling. For select periods of time, gambling in Bolivia has been completely illegal, for other periods, it has been state-regulated, whereas now, the laws are fairly liberal. There are no online gambling laws in place in Bolivia at the moment, as a result, the market there is open for business and there is a range of different casinos and sportsbooks available for locals to choose from.
More information about Bolivia – Online Casinos & Gambling Regulations
There are no local regulations in place in Bolivia, which means that opportunistic websites and unlicensed casinos are going to be available alongside the legitimate ones. Knowing which casinos are safe to use can be a little bit of a challenge but providing you follow certain criteria, you should have no problems finding safe and legitimate casinos that are operating in the area.
- Does the casino have a valid gambling license by a trusted authority?
- Is the casino using a selection of safety features such as end-to-end encryption?
- Does the casino work with trusted software developers?
- What currencies are accepted at the casino? Do they accept cryptocurrencies?
- Can players from Bolivia register at the casino?
- Are players from Bolivia able to take part in bonus offers & promotions?
It can be very difficult to know which online casinos are safe to use, especially if the country has very loose regulations. Thankfully, here at GoodLuckMate, we have done all of the hard work so that you don’t have to. You can check out our list of top casinos and our other online casino reviews to find safe and secure online casinos with a variety of different gaming options.
Gambling in Bolivia is regulated by the Bolivian Gaming Control Authority. This regulatory body was created by the Bolivian government in 2011 to attempt to control the influx of questionable investment in the Bolivian gambling sector.
Gambling laws in the country had been fairly relaxed following a change of legislature in 2001 and as a result, this attracted a lot of foreign investment. This piqued in 2009 when Russia banned casinos and a lot of money from the country was invested into Bolivian casinos.
As a result of this, the newly formed Bolivian Gaming Control Authority changed some of the laws regarding casinos. These were mostly tax-related and these had a huge impact on the gaming landscape there. Many casinos stopped operating due to high tax laws. The new laws have also made it more difficult for new casinos to get a license to open in the country, this had seen many locals turn their attention to online gambling.
The Gaming Control Authority, despite having considerable power, has never imposed any restrictions on online gambling in the country. As a result, there is no license that is required for online casinos. This means that residents in Bolivia tend to turn to international casinos as there are few online casinos based in the country itself. Some of these will have licenses from places like Curacao, which is popular among international casinos, while others may be operating without a license at all.
With no reputable licensing or operating body in Bolivia controlling online casinos, locals have to turn their attention towards off-shore and international online casinos. Many of these casinos will allow players from Bolivia to claim their welcome bonuses and other promotional offers. The only issue players may encounter is if the site is restricted for them to sign-up for.
Bolivia is a multi-lingual country with Spanish being the most widely spoken language in the country. Of course, Spanish is also one of the most widely spoken languages in the world and many online casinos will cater to this. While it is uncommon that any of the indigenous languages of Bolivia will be spoken at casinos, there should be no issue finding ones who speak Spanish. This doesn’t just include gaming, many operators will have customer support available in Spanish and there will also be some live casino options available as well.
There is a state lottery in the country called the Lotería Nacional de Beneficencia y Salubridad. This is controlled by the state and there are no local online lottery sites available for players to try their luck at.
As with a lot of localized currencies, it can be difficult to find online casinos that will accept the Boliviano. A lot of the international casinos that will operate in Bolivia tend to only offer bigger international currencies like the US dollar or the euro. One popular option for players in Bolivia is to play using cryptocurrencies like Bitcoin or Litecoin. These have become increasingly popular in the gambling world in recent years.
Gambling, in general, is fairly popular in Bolivia, though, most players will now play online due to the aforementioned heavy taxation applied to physical Bolivian casinos. This led to many of the major casinos in the country shutting down, and many of them have struggled to obtain a license to open in the country. One type of gambling that has become very popular in the country is bingo. There are a lot of great online bingo options from international casinos, though Bingo Bahati, the country’s most popular bingo operator went out of business in 2011.
Most players in the country will be playing online at international casinos. Some of these will be protected by the likes of the Curacao eGaming license, but there will also be some that won’t be. If players want to find a selection of trusted and high-quality online casinos in Bolivia, then they need to be sure to check out our detailed casino reviews.