A new regulatory regime
EVENTS
BY MARTYN ELLIOTT
W
hen President Volodymyr Zelensky gave final approval to the Ukraine Gambling Law in August 2020, it ended the nation’s 12-year prohibition and signalled the creation of a new regulated market in one of Eastern Europe’s most populous countries. With high interest in the market from international operators, Ukraine will be one of the central themes of the agenda for SBC Summit CIS, Presented by Parimatch, the new betting and gaming industry conference and expo taking place at Parkovy Kyiv International Convention Center in Ukraine on 13 - 14 October 2021. The event is being supported by the Ukrainian Gambling Council (UGC) and its chairman Anton Kuchukhidze will be among the 80-strong speaker lineup. Looking ahead to his appearance, Kuchukhidze gave SBC Leaders an update on the latest developments in Ukraine.
WELCOME TO UKRAINE - THE MARKET OPPORTUNITY IS HUGE
AHEAD OF SBC SUMMIT CIS, Ukrainian Gambling Council
Chairman Anton Kuchukhidze assesses the pros and cons of the new regulatory regime in Ukraine, and details why the market would welcome major international operators
SBC: How would you assess the opportunity for both online and land-based operators in Ukraine following the introduction of the new regulations? AK: If we are talking about regulatory acts that are to be adopted at the Commission on the Regulation of Gambling and Lotteries level, then we can say that all these documents must comply with the law, i.e. not to expand it in any way, but directly carry out provisions of the law on gambling legalisation. Thus, not the derivatives, but the law itself must be evaluated.
I BELIEVE THAT THE REGULATOR WILL SIMPLY HELP TO STRENGTHEN ALL POSITIVE ASPECTS PROVISIONED BY THE LAW First and foremost, the law itself is socially oriented, with guarantees providing for the social protection of citizens, and gamblers. Therefore, I believe that the regulator will simply help to strengthen all positive aspects provisioned by the law. At the same time, if we are talking about the financial monitoring
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