Betting Sites in Guatemala

All forms of gambling are illegal, apart from lottery and bingo. That’s according to an outdated Penal Code of 1880, which still typically stands. We say typically because, despite the illegality, both casinos and betting shops can be found in most major cities. Players are under no circumstances kept away from gambling. No prosecutions are taking place and no regulatory body exists either. There have been voices towards the legalization of the sector; to combat money laundering phenomena and to boost the economy through taxation.

As it stands, a 2011 draft law (No. 4294) is still left aside, despite many being in favour of implementing it. Among others, it proposes a 3% tax on all types of gambling providers. It also proposes the establishment of a regulatory body under the Ministry of Finance. Eventually, only time will prove when and if it will be enacted. One thing is for sure, though; if you’d like to place a bet, Guatemala is offering many options. A piece of advice is that if you are going to bet online, pick one of the renowned international or local bookies and avoid brands such as Betcris Guatemala.