RUSSIA

Russia sets pro-Kremlin betting payments processing monopolist

Russia’s President Putin has signed an executive order naming Mobilnaya Karta as the Unified Interactive Bets Accounting Centre (ETSUP). Now Mobilnaya Karta (reported to be linked to pro-Kremlin beneficiaries) is the single operator of online betting.

Previously there had been 2 competing centres for processing betting payments. The first backed by the First Bookmakers Self-Regulatory Organisation using the payments infrastructure of Mobilnaya Karta and the other backed by the Association of Russian Bookmakers with Qiwi’s payments system.

According to The Bell article, Mobilnaya Karta is owned by the shareholder of Liga Stavok betting operator, reportedly affiliated with billionaire senator and shareholder of Polyus Gold miner Suleiman Kerimov.

As public e-payment system Qiwi has lost the betting revenue stream as of September 1 when the order has come into effect, the shares of the company droppen significantly.

 

Andriey Nabukhotnyi

Former editor-in-chief of Ukrainian specialized magazine catalogue Entertainment Industry. Andriey is E-Play's observer of Eastern European gambling market.

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