UKRAINE

Ukrainian gambling commission starts work in November

The Cabinet of Ministers has approved establishment of Commission on Gambling to regulate gambling and lotteries. Its work is scheduled to launch in November this year.

Ukraine’s Gambling Commission will issue licenses, monitor and control the activities of gambling business operators. The presence of the regulator will allow:

– legalize the gambling market and create transparent and understandable conditions for doing business in this area,

– restrict visits to gambling establishments and participation in gambling by people suffering from gambling addiction,

– receive additional funds to the state budget from the sale of licenses.

“The launch of the commission will make it impossible for illegal gambling establishments to operate under the guise of state lotteries. And the legalization of gambling will stimulate the economy, attract investment, create additional jobs and receive a significant source of additional revenue,” the Ministry reports.

 

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