The Ukrainian authorities have recently presented the full text of the document aimed at gambling legalization in the state including iGaming and online betting.
According to the draft bill, the list of legal types of gambling includes online poker, iGaming, online betting and retail bookmaking.
Licenses to be issued in Ukraine:
- online casino – 10;
- online betting – 10;
- retail bookmaking – 80 (10 locations each);
- casino – 20 (only for 5-star hotels with no less than two hundred rooms in Kyiv or at least one hundred and fifty rooms in other cities).
Operators willing to apply for a gambling license are obliged to have a capital of at least 30 million hryvnias (1.2 million US dollars).
The Commission for the Development and Regulation of Gambling consisting of 7 members will elaborate licensing conditions which afterwards will have to receive approval from the Cabinet of Ministers.
Such data as gamblers’ deposits, bets and winnings will be checked by the online monitoring system. Besides, the state will be allowed to conduct check-ups of gambling equipment even without advance warning.
As mentioned earlier, at the beginning of September the President of Ukraine ordered to adopt gambling legislation by December 2019.
Read more: Online Gambling in Eastern Europe – Part 1
Read more: Online Gambling in Eastern Europe – Part 2