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Colombia raises betting VAT rate to 19% from 5%

Regulation

Colombia’s government announced an increase in the value-added tax on betting from 5% to 19%, effective 1 January 2026. Finance Minister Germán Ávila said the measures form part of an emergency fiscal package intended to increase revenue; the package is expected to raise more than 10 trillion Colombian pesos.

The higher VAT rate increases the tax applied to betting in Colombia from 1 January 2026.

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Washington gambler sues Kalshi over alleged $308,781.62 losses

Scott Bright filed a lawsuit against Kalshi in King County Superior Court, alleging the platform violated Washington's online gambling ban. His complaint says he lost $308,781.62 between 17 June and 14 August 2026; Kalshi has sought dismissal and argues its event contracts are regulated under federal law and that counterparties, not the company, received his losses.

Scott Bright has sued Kalshi in Washington, alleging that its prediction market violated the state's online gambling ban. Kalshi has sought to dismiss the case.

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