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"The House" Official Trailer Colorado Gambling Laws. Colorado Revised Statutes. Colorado has legal low-stakes gaming in certain smaller, historical cities. Gaming operations in those cities are licensed and regulated by the Colorado Gaming Commission. Legal Gambling Laws in Colorado. While online poker has only recently come to the state of Colorado (at least relatively speaking), the game of poker and its assorted brethren have been residents of Colorado practically since Americans have. This page covers the Colorado gambling laws in detail. Colorado recently hosted its first $1million guaranteed poker tournament. Home -games are permitted under a broad ‘social games’ definition.