Panama Licensed International Brands
Notable international brands licensed by Panama
For international gambling operators, the Panama license (JCJ) is an interesting combination of robust regulation and attractive tax conditions. Industry reviews mention several brands that reportedly use or position themselves as operating under a Panamanian license or strategically focused on it. (For example, iGaming market reviews name 22Bet, 1xBet, Megapari, SpinBetter, PalmSlots as market participants with reference to Panama.)
Below is an analysis of such brands, their strategies and challenges.
Why brands are choosing Panama's licence
Advantages
1. Tax Treatment & Territory
Panama applies the territorial principle of taxation: income from services rendered outside Panama is often exempt from corporate income tax.
At the same time, the operator pays a fixed fee from GGR (10%) as part of the remote mode.
2. Regulatory stabilization and recognition
The JCJ license is recognized in Latin America as a "regulated" alternative to offshore jurisdictions, which increases the confidence of partners (banks, payment systems) and users.
3. Flexible specifications
Most publications say that local servers are optional if the infrastructure is declared and certified.
This gives brands the freedom to locate in technology parks using international data centers.
4. Domain permission. pa/working inside Panama
Previously, Panama's license did not allow residents to be served. Starting in 2020, JCJ has allowed up to 5 domains with termination. pa, which makes it more fully regulated by the Panamanian market.
Examples of brands and models
Below are brands often mentioned in iGaming reports as users or focused on Panamanian mode:It is important to understand: public sources rarely publish officially confirmed JCJ licenses for these brands. When analyzing, you need to work with documents, operator sites and JCJ registries.
Brand strategies when working near Panama
1. Multi-jurisdictional architecture
The brand may have separate domains/segments under Panamanian licenses (for Latham) and in parallel operate under other licenses (e.g. Malta, Curaçao) in other regions.
2. Sublicensing and affiliate schemes
The operator can act as a master licensee and issue sublicenses to partners under the supervision of JCJ.
3. Managing the risk of "forbidden markets"
Even with a Panamanian license, the operator must block users from markets where online gambling is prohibited. Often implemented through geo-blocking and advertising bursts.
4. Compliance, AML/KYC and limits on top of JCJ requirements
To comply with international partners (banks, payment operators), brands often impose additions to the basic Panamanian regulations: enhanced checks, rate caps, withdrawal limits.
Why "not all major" publicly advertise the Panamanian license
Some brands prefer a thin legal wrapper and do not want public visibility so as not to raise questions in other jurisdictions.
Journalists and catalogs often mix offshore licenses (e.g. Curaçao, Panama, Comoros), which complicates verification.
Some sites are marketed as "operating under Panamanian licensing," but the actual domain, payment scheme, or server architecture may be under other jurisdictions.
How to check if a brand is actually licensed by Panama
1. Check JCJ site - licenses/register of operators (if published).
2. On the operator's website - the presence of a license number, copies of the license, the address of the JCJ regulator, conditions. pa domains.
3. Legal documents and precedents - judicial or administrative cases, public brand statements.
4. Technical audit/monitoring - server tracing, certificate verification, AML procedures.
International brands such as 22Bet, 1xBet, Megapari, SpinBetter, PalmSlots are often referred to as operators using a Panamanian license or having a strategic focus on it. However, public confirmations are often lacking, so it is important to combine JCJ data, brand site, legal documents and technical expertise when analyzing.
Panama's license remains an attractive option for brands: a combination of regularity, tax advantages and flexibility makes it a "middle way" between offshore and strict European jurisdictions. If you want, I can pick up current operators with a confirmed JCJ license and conduct a mini-dossier - do you want?