Colombia’s president imposes 19% VAT on player deposits by decree

Colombian President Gustavo Petro imposed a 19% value-added tax on player deposits through an emergency decree on 14 February, reportedly. The measure is subject to automatic review by the Constitutional Court and could remain in force until the end of 2025 if upheld. Rush Street Interactive said in an SEC filing that Colombia accounts for 13.3% of its revenue and that the decree’s impact remains uncertain.