April 1, 2021
Despite the Ukraine Gambling Law securing its parliamentary approval in 2020, recent regulatory developments have brought confusion to CIS markets newest jurisdiction.
Ilya Machavariani, Managing Partner of 4H Agency and a legal expert for CIS markets, provides SBC readers with a full breakdown of on-the-ground developments regarding Ukraine Gambling Law and its passage into full existence.
SBC: Confusion has surrounded the first licenses issued by Ukraine’s new regulatory body The Commission for Regulation of Gambling and Lottery (GRGL). Is Ukraine’s new gambling market live and can operators launch their services under the Gambling Law mandate?
Ilya Machavariani: The Ukrainian market has gotten itself into a very special place. The state of the market depends on who you ask and who does the asking. If you ask the Ukrainian regulator CRGL they would tell you they have been hard at work processing the incoming stream of licensing ap
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Parimatch has become the very first operator to obtain an iGaming licence in Ukraine, allowing the brand to offer online casinos, poker, and sports betting to customers in the country.
Parimatch announced earlier in March that it had fully completed its Ukraine licencing provisions, marking the brand as the very first to secure a sports betting, online casino, and poker licence from the
Commission for Regulation of Gambling and Lotteries (CRGL).
Awaiting the final regulatory decisions before launch
The company has been waiting for eleven years to obtain an online gambling licence from Ukraine, where the Parimatch Group was originally founded. Following on from the introduction of the Ukraine Gambling Law, the brand can finally launch in its home country.