Panama has promulgated a new law to prevent, treat and control gambling addiction that tightens regulatory controls on casinos and online betting platforms, with a particular focus on digital wagering.
According to local press, Law No. 527 establishes a public policy framework for the prevention and control of gambling addiction and applies to bets made through digital platforms, mobile applications, websites and electronic systems linked to gambling and related economic activities.
Under the new law, casinos and type A halls, as well as online betting operators, must implement mandatory responsible‑gambling tools designed to help users limit and monitor their play. These include mechanisms for players to set voluntary time and spending limits, automatic alerts when risky patterns of play are detected and preventive notifications based on health‑related criteria, all aimed at reducing the risks associated with problem gambling.
The legislation also reinforces protections for minors and vulnerable groups by tightening age‑verification requirements and strengthening controls on access to gambling via digital channels.
Authorities in Panama have framed the law as part of a broader effort to balance the economic contribution of the gambling sector with public‑health and consumer‑protection objectives, amid growing concern about the growth of online betting and its social impact.
According to the National Assembly, the law forms part of a broader public‑policy package that also channels a share of casino and online‑betting revenues into the mental‑health system, including funding for dedicated gambling‑addiction treatment services and prevention programmes.
The framework was developed in coordination with the Gambling Board (Junta de Control de Juegos) and other regulators, which are tasked with issuing detailed implementing regulations on biometric identification, payment‑method controls and enforcement mechanisms for both land‑based and online operators.
Panama’s National Assembly approved the bill in March. Approved after the third debate the initiative, was presented by deputies Raúl Pineda and Crispiano Adames.
The post Panama promulgates new law to prevent problem gambling and tighten controls on online betting appeared first on G3 Newswire.
Panama has promulgated a new law to prevent, treat and control gambling addiction that tightens regulatory controls on casinos and online betting platforms, with a particular focus on digital wagering. According to local press, Law No. 527 establishes a public policy framework for the prevention and control of gambling addiction and applies to bets made…
The post Panama promulgates new law to prevent problem gambling and tighten controls on online betting appeared first on G3 Newswire.