Colorectal Cancer (CRC) is a common type of cancer and the second leading cause of cancer-related deaths worldwide. Competing endogenous RNAs (ceRNAs) that contain microRNA response elements (MREs) are involved in CRC progression. They can compete with microRNAs (miRNAs) via their MREs, which can combine non-coding and coding RNAs via complex ceRNA networks. This molecular interaction has the potential to affect a wide variety of biological processes, and many cancers can occur as a result of an imbalanced ceRNA network. Recent research indicates that numerous dysregulated RNAs in CRC may function as ceRNAs, regulating multiple biological functions of the tumor, including proliferation, apoptosis, metastasis, invasion, and migration. In this review, we discussed the role of protein-coding and non-coding RNAs, such as long non-coding RNAs (lncRNAs), circular RNAs (circRNAs), and pseudogenes, in the occurrence of ceRNA networks in CRC, and their function in cancer-related pathways, like Wnt/β-catenin, Mitogen-Activated Protein Kinase (MAPK), and Transforming Growth Factor β (TGF-β) signaling pathways. Additionally, we discussed validated ceRNAs associated with CRC biological functions and their potential role as novel prognostic and diagnostic biomarkers. Examining the role of ceRNAs in CRC sheds new light on cancer treatment and pathogenesis.