Best XRP Casinos in Mexico (2026) | XRP Gambling Sites

XRP Gambling Laws in Mexico

Mexico regulates gambling under the Federal Gaming and Raffles Law (Ley Federal de Juegos y Sorteos, Decree No. 728) of 1947. The Secretaría de Gobernación (SEGOB) through its General Directorate of Games and Lotteries (DGJS) licenses operators and enforces compliance. As of September 2025, over 350 land-based casinos and 30+ digital operators hold valid SEGOB licenses under the '.mx' domain.

Cryptocurrency gambling occupies a regulatory grey area. Current law requires all bets to be made in Mexican pesos—cryptocurrency is excluded from authorized payment methods. Financial entities cannot conduct operations with virtual assets under Mexican banking regulations. However, some licensed online casinos operating through Mexican-registered companies accept Bitcoin, Ethereum, and other cryptocurrencies via offshore payment processors.

SEGOB initiated comprehensive regulatory reform in 2025 to address online gambling and money laundering risks. President Sheinbaum emphasized that without updated regulation, digital platforms could facilitate illicit financial flows. The reform, expected for legislative discussion between late 2025 and early 2026, aims to increase transaction traceability and establish clear operational standards. The illegal online betting market is estimated at $450 million, with approximately 60% of platforms operating without licenses.

How to Buy XRP in Mexico

Mexico players can purchase XRP through these popular methods:

Tax Implications in Mexico

Mexico taxes gambling winnings under the Ley del Impuesto sobre la Renta (LISR - Income Tax Law). Licensed operators withhold a flat 1% tax on prize and gambling winnings at source. For winnings exceeding 600,000 UDIs (approximately $4.2 million MXN), the rate increases to 21%. The Anti-Money Laundering Law (LFPIORPI) establishes cash transaction prohibitions for gambling, contests, and lotteries.

Offshore gambling winnings technically require self-reporting as 'other income' on annual tax declarations filed with SAT (Servicio de Administración Tributaria). Practical enforcement remains limited, particularly for cryptocurrency transactions conducted outside Mexican banking channels.

Cryptocurrency taxation guidance from SAT classifies crypto gains as 'acquisition of goods' income, though gambling-specific guidance is lacking. Large crypto-to-MXN conversions through regulated exchanges like Bitso trigger reporting requirements to tax authorities. The combination of Mexico's low 1% base rate and limited offshore enforcement creates a relatively favorable tax environment for crypto gambling compared to jurisdictions with higher rates or active prosecution.