Panama Assembly approves bill requiring betting operators to allocate 10% of profits
Panama’s National Assembly approved Bill 403, which would require operators to allocate 10% of profits to the Institute of Mental Health and impose biometric age and identity checks on digital platforms. The bill also restricts gambling advertising and provides for fines of up to 10% of revenue; it requires presidential approval before taking effect.
Operators would face new funding, verification and advertising requirements if the bill takes effect.