The National Assembly of Panama has approved Bill 403 in its third debate, aimed at promoting responsible gambling practices.
The law strengthens protections for minors by prohibiting underage participation in gambling and requiring digital platforms to use biometric verification systems to confirm users’ identities.
It also bans gambling promotion in the media, on social media and in sports, including the use of public figures or influencers to encourage betting. Penalties are strict and may include fines of up to 10% of revenues, license suspensions and criminal proceedings in serious cases.
Another key aspect of the law is the creation of a fund to address gambling addiction. Operators will be required to contribute 10% of their earnings to the National Institute of Mental Health (INSAM) to fund care programs and a specialized treatment center in Panama.
The law also limits payment methods to prevent uncontrolled debt and mandates the inclusion of educational programs on gambling risks in Panama’s school system.
The bill builds on prior regulatory action by the Panama Gaming Control Board, which operates under the Ministry of Economy and Finance. In 2023, the regulator entered into agreements with gaming operators to finance gambling addiction treatment initiatives, including the development of specialized care centers.
During the debate, some raised concerns about potential economic impacts and legal conflicts. Nevertheless, the bill was passed as a direct response to the rise of compulsive gambling in the country. It now awaits the President's formal approval to take effect.
Panama’s responsible gambling bill does not introduce new licensing restrictions, focusing instead on public health measures rather than changes to the existing gaming authorization framework
