In Summary:
Russian President Vladimir Putin has signed new law aimed at re-regulated the betting sector and creating the Unified Gambling Regulator
Based on the new law, Russian betting firms will have to meet a minimum $403,000 contribution to sports quarterly
Some companies have warned against over-taxation and others have pulled out of the market altogether
Russian President Vladimir Putin has signed the law that creates the Unified Gambling Regulator, which will oversee the gambling industry in the country.
Putin Signs New Gambling Law, Creates Regulator
President
Vladimir Putin has signed a law paving the way for Russia’s
Unified Gambling Regulator, a new monitoring body that comes as part of the country’s efforts to re-regulate the gambling industry and avoid capital outflows to illegal operators.