The History of Esports Betting in Mexico
The earliest records show that the term "esports" was first used in the late 1990s, but there is no general consensus on when this social activity began.
With the development of the internet and the demand for content in this new media, esports began to take on the structure we are familiar with today.
Over time, groups trying to compete in the same game sparked initiatives from brands and game developers. They adopted specific aspects of competitiveness and created games specific to esports.
Since then, esports has been integrated into North American championships, including Mexico. Technological advancements have facilitated the development of telecommunications operators, which in turn has spurred the development of broadband networks. This has been key to the development of esports in Mexico.
Before 2004, the Mexican government only authorized a few online gambling operators in the country. Even so, Mexicans were not allowed to use any online betting platforms located outside the country, most of which offered unique markets. With the relaxation of laws, various gambling operators have begun to offer a variety of market esports competitions in the region.
Esports in Mexico is now a way for the people of the country to show that they want to be the best in the games they play.
The Future of Esports Betting in Mexico
Online gaming is evolving from a simple form of entertainment into a professional field. With the development of new technologies to defeat opponents, competitions continue. Thus, technology and discipline are becoming more prominent features of competitive activities. If there is more than one person competing in a video game, the decision of who wins and who loses should be based on the players' skills, not the game itself. This means that new skilled players are constantly emerging.
The constantly evolving esports industry is attracting more and more large gambling companies to participate in various competitions. A large fan base betting on their favorite teams and players means that esports betting in Mexico is becoming more profitable.
While we understand the interest in finding a gambling provider that only focuses on your passion for esports, there are several disadvantages to esports-only gambling sites to consider.
If you want to bet on esports, traditional betting services are better because they cover more events, have more betting markets, higher odds, and more innovative interfaces, mainly from well-known and long-operating companies.
Is Mexico Moving Towards Legalization or Against It?
The Ministry of the Interior (SEGOB) has the authority to authorize, regulate, and supervise games involving cross-betting and any type of lottery. Such activities cannot be conducted without prior approval from SEGOB.
This will include requirements that license holders must comply with. The Gaming Board also ensures that all activities involving betting and lotteries are legal and issues the necessary gambling licenses.
Currently, online gambling in Mexico is unregulated. However, this situation is expected to change soon. There is currently no formal definition of online gambling in Mexican law.
Even so, this is one of the most important issues that the new gambling legal framework should address. SEGOB explicitly allows online betting activities in relevant licenses.
Operators of online casinos or digital and symbol draws must comply with certain rules. These rules include having a consistent betting system, cash control system, and internal control system, as well as obtaining an online gambling license.
Are Gambling Companies Legal in Mexico?
Online esports betting is legal in Mexico. Mexico has recently enforced online sports betting regulations and started charging suppliers licensing fees.
Thus, Mexico now has two markets: licensed suppliers and those serving Mexico without a local license.
Esports Legislation in Mexico
In Mexico, the general rule is that private groups, entities, or individuals can engage in any activity not explicitly prohibited or restricted. Gambling is also legal in Mexico, provided you obtain permission from the authorities.
Mexico has recognized legal sports betting since 2004. For a long time, it was illegal, but due to its popularity, it was overlooked and considered something that should be legalized. At that time, they approved so many sports betting licenses that it exceeded the total number of gambling licenses issued in the past seven decades.
The legalization of online gambling in Mexico has led to the employment of nearly two hundred thousand people. This has increased Mexico's tourist appeal, boosting the country's tourism market for gamblers from around the world.
Mexico's Gambling Behavior
The Federal Gaming and Lottery Law is the main act controlling gambling in Mexico. It was first published in the Official Gazette in 1947. Its last revision in 2004 was not suitable for online gambling. The NM Gaming Control Board is developing new laws to manage modern forms of gambling.
Based on current technological developments, they have outlined a new legal framework to address all regulatory needs and meet the requirements of the global interconnected gaming industry. It provides certainty and clarity for license holders, gambling operators, and their customers. This will allow for more investment and growth in the gaming industry and earn more money from gaming-related taxes.
SEGOB and other authorities that should comply with the law should find it easier to apply a set of rules. On the other hand, the gaming industry has not been a priority on the new government's agenda. Therefore, it is currently unclear when the gaming industry will undergo any reforms (if any) or attempt such structural changes.
In Mexico, using offshore internet gambling sites is legal. There is no law prohibiting Mexican citizens from participating in these sports betting sites. There is no legal document in Mexico that prohibits sports betting for each sport. Many sports events across the country are open to public betting. The only downside to some of them is that you must be at a physical location to place them.
Important Legal Acts and Policies in Mexico
The original gambling law was a broad regulation that required supplementary legislative changes or restrictions to provide the necessary details for its correct application and operation. This is what happened: in 2004, the government began to develop rules to make the gambling law more perfect. They did this by enacting provisions of the Federal Sports and Lottery Law.
To legally bet in Mexico, bettors must be at least 18 years old. Most offshore online sports betting requires members to be at least 18 years old to join.
Mexico's Favorite Games
Competitions have a wide range of genres and games. Therefore, there is a lot to see and do, with a variety of games to choose from. Popular esports competitions in Mexico, such as FIFA, Rocket League, and Counter-Strike: Global Offensive, will play a key role in the country's next generation of gambling.
Residents are currently flocking to international sports betting not subject to Mexican gambling laws. League of Legends, participated in by Mexican professional teams, is the most popular esports game in the country.
Most of these events are live-streamed, available for viewers on various platforms. There are a large number of wonderful options specific to specific games. Therefore, when betting on League of Legends, bettors can predict which teams will win their first matches.
It is essentially a free competition. Any player is welcome to join at any time during the match to see if they can top the leaderboard. This is a great way to bring people together for structured competitions. There is also the possibility of partnering with professional players, so everyone will be under great pressure.
Payment Methods in Mexico
Mexican bettors can use US dollars and Mexican pesos to bet on sports events. This means that sports betting only accepts two currencies: US dollars and Mexican pesos. Mexican online gambling players can access a variety of top online gaming sites. Many of the most well-known online gaming brands cater to Mexican customers, and they also offer a variety of easy-to-redeem bonuses, most of which operate well even if they are not licensed or regulated in Mexico.
OXXO, Todito Cash, Astropay Card, Visa, MasterCard credit and debit cards, Paysafecard, Neteller, EcoPayz, and bank transfers are popular banking methods in Mexico. If users are located in Mexico, they can expect to make and receive payments in Mexican pesos through these providers; no need to exchange funds or pay currency exchange fees.
Making the best decision comes down to prioritizing the interactive aspects that are most important to you. Each of our esports betting site reviews covers and evaluates the most important aspects of its esports league coverage, esports betting market coverage, and odds profits and esports promotions.
In addition, the review also targets each betting platform for desktop and mobile users. The rankings above are centered on the overall ratings of these sites, but each site has unique advantages in each area. Check out the reviews to see which esports betting site is right for you.
