In the midst of an international crisis, Ukraine is trying to improve its gambling regulations and keep the market safe. The government has proposed new changes and if these are approved, banks will no longer be able to lend Money to self-excluded customers.
The Committee on Financial, Tax and Customs Policy of the Verkhovna Rada proposed an amendment that would ensure banks double check that loan applicants are not doing so exclude yourself from betting, including online gambling and various land-based casinos in the country. Those who are not on the self-excluded players list You won’t get any credit from the bank. The change has not yet been approved.
The Ukrainian Commission for the Regulation of Gambling and Lotteries (KRAIL) announced a few months ago that the number of self-excluded players is increasing and this affects all parties involved Ukraine.
From January to April this year, 245 people made it onto this list. Compared to last year, when the full list was 315 people, and 2021, when the total was just 195 people, the 687 figure at the end of April was a massive increase.
This is not the first recent change in the law on gambling in Ukraine. Just last month, the new law on the necessary procedures for organizations subject to the was enacted Risk of money laundering and terrorist financing, and Ukrainian operators will have to pass more detailed inspections. It is also warned operator about the unscheduled inspections. The Government Action Plan for 2023 included new KRAIL proposals, including a whole host of new regulations related to the cancellation and suspension of licenses. One of the main points of discussion was whether the operators offering their services in the occupied territories should continue to operate.
KRAIL future in the air
KRAIL continues to work on it new regulationsbut his future is also uncertain. Mykhailo Fedorov, Deputy Prime Minister of Ukrainepresented a proposal in May that could potentially replace KRAIL the new regulator. Fedorov is not only Deputy Prime Minister, but also Minister for Digital Transformationand his main concern about the agency is that it will not be late in issuing gambling licenses to operators.
KRAIL currently consists of a President and six members. For a license to be approved, five members must be present at a meeting. When the war started Volodymyr Zelenskyy, a President, signed the main resolution “On the introduction of martial law in Ukraine”resulting in some KRAIL members being mobilized for military service and KRAIL meetings not being able to take place.
Spring: “Ukrainian Gambling Regulations Self-Exclusion”. iGaming store. August 7, 2023