TLDR Panama’s National Assembly approved Bill 403 to tighten gambling regulations across physical and online platforms Gambling operators must contribute 10% of profits to a mental health fund for problem gambling treatment Digital platforms now required to use biometric verification to prevent underage gambling Gambling advertising banned across traditional media, social platforms, sports, and by influencers The law still needs presidential approval before taking effect
Panama’s National Assembly has approved a new law that will reshape how gambling is regulated in the country. Bill 403 introduces strict rules for both land-based and online gambling operators.
The bill was proposed by parliamentarians Raúl Pineda and Crispiano Adames. It targets the rapid growth of online gambling in Panama and aims to protect vulnerable groups.
Under the new rules, gambling companies must hand over 10% of their profits to the Instituto de Salud Mental, known as INSAM. The money will fund treatment programs for problem gambling.
The government also plans to set up a specialized center for gambling disorders using this fund. This marks a clear shift toward treating gambling addiction as a public health issue.
The law takes a hard line on keeping minors away from gambling. All forms of gambling are now off-limits for anyone under the legal age.
Digital gambling platforms face an added requirement. They must install biometric verification systems to confirm the identity and age of every user.
Advertising Crackdown Targets Media and Influencers
One of the most far-reaching parts of the law is the advertising ban. Gambling companies can no longer promote their services through traditional media like television and radio.
Social media advertising for gambling is also banned. The restriction extends to sports sponsorships and partnerships.
Influencers and public figures are prohibited from promoting gambling services as well. This closes a marketing channel