Ukraine’s bill on gambling: requirements for igaming

The bill legalizes operation online casinos, bookmakers and poker rooms net. These type of activities will require a special license. The requirements for companies that organize online gambling comply with the general requirements. These should be legal entities registered in Ukraine with an authorized capital of UAH 30 million or more.

The bill allows offering gambling via websites and applications on different operating systems. Opertors will need to own or have the right to use one or more domain names in the .UA  domain zone. The same ownership format applies to the online system itself. At the same time, the draft law provides that people can use such systems both on the territory of Ukraine and abroad. It is not specified if this concerns foreign players.

Online operators must provide full information about his name, location, identification data, licenses, the procedure for paying out winnings, as well as a warning about the ban on the game for people under 18 years of age.

The bill prescribes a special procedure for identifying players on the Internet. Users will register using a scanned copy of a passport or other identification document or using MobileID or BankID technologies. In this case, the organizer of gambling has the right to request additional information about the player. The company must determine the age of the user before the first payout of the winning.

A player can add funds to his online account in several ways, including cash and non-cash money, electronic funds, as well as “property rights to electronic money substitutes”. Payouts of winnings and return of funds will be made in non-cash form through gambling operator’s systems.

Online casino systems must be connected to online monitoring. This monitoring will control the flow of funds, their flow to the budget, as well as prevent money laundering. Casino equipment, slot machines, betting machines, and so on must be connected to online monitoring system as well.

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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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