The Guatemala Republic is the most populous country in Central America, with more than 17 million people. In the 20th century, Guatemala experienced many domestic conflicts that lasted from 1960 to 1996.
When it comes to online gambling, Guatemala still doesn't have strict rules for operators and players to follow. As a result, many online Guatemala casinos in the country are still operating from foreign jurisdictions.
Since 1880, Guatemala has introduced the legal framework for land-based and online gambling organizations. However, the local authorities are also not very concerned about acts of law violations.
Accordingly, Article 477 of the Criminal Code of Guatemala is that gambling is illegal. Organizations or individuals who intentionally break the law will incur a heavy fine, or go to prison. However, in Guatemala, there are still many forms of gambling and not many people care about the law.
The truth is that gambling in Guatemala is growing at a rapid rate, even though this form of entertainment is illegal. Therefore, the government is considering enacting laws to formally legalize and introduce stricter regulations.
Due to the lack of a regulatory body in Guatemala, online casinos are not officially licensed in this country. Besides, there are no specific online gambling laws, so bettors in Guatemala don't have to pay any taxes.
There is no official specified age to gamble online, so Guatemala players are not limited in this respect. However, Guatemalan citizens have to be at least 18 to participate in the local lottery.
Guatemala has a fun gambling tradition with horse racing that dates back to the Middle Ages before Europeans arrived in the country.
Since 1880, the Anti-Gambling Law has been enforced and the Penal Code has enacted laws banning all games of chance, except lottery. In 1979, General Fernando Romeo Lucas García allowed the construction of casinos in the territory of the country from Cuban and Costa Rican foreign investors.
After General Rios Montt became president in 1982, and the gambling ban was enacted. However, Guatemala still has about 10 land-based casinos located in shopping malls, resorts, and hotels, to legally cater to locals and tourists.
In 2013, several policies were implemented to regulate gambling activities in Guatemala. The rules enacted by all online casinos to accept Guatemala players. The purpose was to prevent money laundering and was planned to build a reporting system for transactions larger than $ 10,000.
The passage of a new law is expected to be enacted soon, as the tourism industry continues to grow in Guatemala. Therefore, it is likely that there will be many new online casinos for Guatemala players.
Since Guatemala is not a developed country, locals love gambling, mostly lottery, and bingo. On-road gambling facilities are not difficult to find, but there are not many significant casinos in Guatemala.
For many online casinos in Guatemala, the most popular payment methods include Visa, Mastercard, Skrill, Neteller, PayPal, etc. However, since 2018, online casinos have added payment methods via cryptocurrencies such as BTC, ETH, or ALT. Depositing and withdrawing electronic money is considered to bring high understanding and safety to all gamblers.