How To Gamble Online In Ukraine In 2020

In January, the Cabinet of Ministers of Ukraine has developed and submitted to parliament a bill on the legalization of gambling in the country. A complete ban on this business was introduced in 2008. However, since then it has been actively developing in the shade. Moreover, a huge amount of funds is rotating within this industry on the web. Soon everything will change. Get ready to pay taxes to gamble online in Ukraine. 

In August of 2019, President of Ukraine Volodymyr Zelensky spoke about the state legalization of gambling for the first time. But then it only concerned opening casinos in five-star hotels to develop the tourism industry in Ukraine. Subsequently, it turned out that Zelensky wanted to make all gambling business legal in Ukraine. Сasinos, online casinos, bookmakers, and lotteries are going to buy licenses from the state and pay taxes afterward. Thus, they will increase the Ukrainian budget. And in the conditions of a protracted economic crisis, this is just what this country needs. Online gambling sites in Ukraine will have to adjust to a new law.

The new president is making gambling legal

Volodymyr Zelensky is planning to legalize all the gambling business in Ukraine. Thus, he hopes to stimulate the development of the tourism industry, as well as increase revenues to the Ukrainian budget. For the first time, Zelensky voiced the idea of the official return of the casinos during his official visit to Turkey last summer. “We will legalize gambling, namely the work of casinos in 5-star hotels. This will stimulate the development of the region’s tourism cluster near the Black Sea,” Volodymyr said. However, already in October of 2019, it turned out that not only casinos would become legal.

Thus, the Cabinet of Ministers of Ukraine has prepared bill No. 2285 on the state legalization of gambling. The authorities explain their intention to legitimize this industry in Ukraine by making gambling business revenues transparent. Also, they want to redirect them to the needs of Ukrainians. Now the state budget is losing billions of dollars, while the gambling segment is an illegal criminal business. To regulate this market, Ukraine will create a special Commission on gambling. Casinos, lotteries, slot machines, bookmakers will have to comply with international standards and be licensed by the state. Even if you want to gamble online in Ukraine, you will have to make it official.

Rules for online gambling sites

The current bill allows the operation of online casino sites in Ukraine. The state will provide special licenses for them. Moreover, the requirements for companies that organize online gambling should comply with the general regulations. These should be legal entities registered in Ukraine with an authorized capital of UAH 30 million or more. Also, according to the new law, gambling companies will be able to conduct activities through the site and applications on different operating systems.

What is more, every company should provide full information about its name, location, identification data, and their licenses on the online platform. And every gambling site in Ukraine must be connected to the state online monitoring system. It will control the flow of the funds to the budget, as well as prevent money laundering. Moreover, physical devices for gambling will also have to be connected to online monitoring: slot machines, betting machines, and so on.

How to gamble online in Ukraine

The bill prescribes a special procedure for identifying players on the Internet. Users will register using a scanned copy of their passport or another identification document. Also, they can use MobileID or BankID technologies. In this case, the owner of the gambling site has the right to request additional information about the player. For sure, the company must determine the age of the user before the first payout of the prize. One should turn 18 before he can legally gamble online in Ukraine.

However, the owners and managers of the online sportsbook sites in Ukraine cannot make any bets. As well as the athletes and staff of the sports team, if they want to bet on the competition in which they participate. Now, as you know all the rules, you are ready to gamble online in Ukraine. If you are not sure about what to bet on, read our article about Special Football Bets In Ukraine and make your mind. Also, you can find out Ukraine Election Odds 2019. Thus, you can bet on the next president after Zelensky. Visit the 1xBET gambling site to check all the latest bets. Read our article and gamble legally from wherever you are!

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