Unlicensed Costa Rican crypto casino - its corporate group's real Anjouan licence covers only a different brand, with documented account-confiscation complaints
Visit Betpanda →Pros
- Some reviewers report fast withdrawals and helpful support
- Some reviewers praise its sports betting market selection
Cons
- No licence actually covers Betpanda - its Costa Rican registration carries no gaming regulator, and the group's real Anjouan licence belongs to a different brand
- Low 2.3-star Trustpilot rating; the older profile's rating was separately removed for fake reviews
- Documented complaints of a $300/day withdrawal cap with week-long delays
- A permanently blocked account with $1,400 never returned, including the player's own deposit
- A separate account blocked with $2,193 confiscated after a win
- No welcome bonus - banned under Lithuanian law
Our verdict
We are not going to soften this one: no licence actually covers Betpanda. Its own terms name a Costa Rican company as the operator, and Costa Rica has no gaming regulator to go with that registration. The same corporate group does hold a real Anjouan licence, but it covers only a separate brand, Punkz - Betpanda itself appears on no gaming register we could find, meaning players have no regulator or dispute body to appeal to if something goes wrong. And things do go wrong with some regularity: Trustpilot gives Betpanda a low 2.3 stars from over 770 reviews, and separately removed the older betpanda.io profile's rating entirely for fake reviews. We found specific, serious complaints: a $300/day withdrawal cap with each payout taking over a week, a permanently blocked account with $1,400 never returned (including the player's own $1,200 deposit), and a separate account blocked with $2,193 confiscated after a legitimate win. Some reviewers do report fast withdrawals and helpful support, so this isn't universally bad - but the combination of no real licence and multiple specific confiscation complaints is serious enough that we'd recommend strong caution, and would not deposit more than you could afford to lose entirely.
How we rated it
Sportsbook & casino (36%)4.5
A crypto-anonymous casino and sportsbook; some reviewers praise a great selection of sports betting markets, though specific catalogue breadth is not independently confirmed.
Bonuses & value (18%)2
No welcome bonus - all gambling bonuses are banned in Lithuania. More broadly, Trustpilot documents accounts being blocked with deposited funds and winnings confiscated rather than paid out.
Support & reliability (18%)1.5
A low 2.3-star Trustpilot rating from 770+ reviews, with the older profile's rating separately removed by Trustpilot for fake reviews. Documented complaints include a $300/day withdrawal cap with week-long delays, a $1,400 permanently blocked account, and a separate $2,193 confiscation after a win - though some reviewers do report fast withdrawals and helpful support.
Trust & licensing (27%)1
No licence actually covers Betpanda: its operator (Star Bright Media S.R.L.) is only registered in Costa Rica, which has no gaming regulator, and the group's real Anjouan licence is registered exclusively to its separate Punkz brand. There is no licence number, issuing authority, or regulator for Betpanda players to appeal to.
Welcome bonus
Quick facts
| Owner | Star Bright Media S.R.L. (Costa Rica, corporate ID 3-102-880000) |
| Licence gap | No licence actually covers Betpanda - Costa Rica has no gaming regulator, and the group's real Anjouan licence (ALSI-202408063-FI3) is registered only to its separate Punkz brand |
| Trustpilot | 2.3 stars from 770+ reviews; the older betpanda.io profile's rating was separately removed by Trustpilot for fake reviews |
| Serious documented complaints | $300/day withdrawal cap with week-long delays; a permanently blocked account with $1,400 (including $1,200 of the player's own deposit) never returned; a separate account blocked with $2,193 confiscated after a win |
| Lithuania | No welcome bonus - all gambling bonuses are banned in Lithuania |
Where Betpanda is licensed
Betpanda appears on the official register in 1 country — 0 for sports betting and 1 for casino. We only feature it in markets where it holds a licence to accept you.
Europe (1)
About Betpanda
Betpanda is a crypto-anonymous casino and sportsbook whose own terms name Star Bright Media S.R.L., a Costa Rica-registered company, as the service provider. We want to be direct about a real licensing gap here: Costa Rica supplies only a corporate registration and has no gaming regulator, so this carries no licence with it. The same corporate group does hold a genuine Anjouan B2C licence (ALSI-202408063-FI3, valid through 28 August 2026) - but every domain on that licence's public register belongs to a separate brand, Punkz (punkz.casino, casinopunkz.io). Neither betpanda.io nor betpandacasino.io appears on it, meaning Betpanda players are contracting with an unlicensed company with no regulator or dispute-resolution body to appeal to, even though the same group runs a properly licensed brand elsewhere. Trustpilot reflects this: Betpanda holds a low 2.3-star rating from over 770 reviews, and Trustpilot itself separately removed the older betpanda.io profile's rating for fake reviews - a serious independent-platform action we report directly. Documented complaints include a $300/day withdrawal cap with each payout taking over a week, a permanently blocked account with $1,400 never returned (including $1,200 of the player's own deposit), and a separate account blocked with $2,193 confiscated with no chance to withdraw after playing by the rules. Some reviewers do describe fast withdrawals and helpful support, making this a genuinely mixed but structurally unlicensed and seriously flawed operation. In Lithuania specifically, no welcome bonus is available since all gambling bonuses are banned there by law.
