Ukrainian Gambling Authority Approves 152 Applications in Q1 2024
Ukraine’s gambling regulator, the Commission for the Regulation of Gambling and Lotteries in Ukraine (KRAIL), has announced that it has evaluated 194 gambling license applications in the first quarter of this year.
LISTEN TO THIS ARTICLE:Majority of Applications Approved
The regulator has seen a surge in license applications and approved a total of 152 of the 194 requests. Of the approvals, 138 were for gaming machines, suggesting that there is significant interest in expanding the country’s gaming operations.
Other applicants to receive licenses include an online casino, three gaming service providers, nine gaming tables, and a roulette table. However, as noted, not all were accepted. Two applicants failed to provide sufficient documentation, and another was rejected outright, demonstrating that KRAIL is dedicated to maintaining a well-regulated and transparent iGaming industry.
KRAIL has also been actively battling unlicensed operators. Recent months have seen a significant reduction in the number of black-market operators in Ukraine. Furthermore, the regulator has found several gambling operators guilty of tax evasion.
More Regulation News
The Challenges of War
The ongoing war with Russia has also created challenges for KRAIL. The issue of the effects of gambling on military personnel has recently become a hot topic in Ukraine and President Volodymyr Zelenskyi has been considering banning members of the military from participating in online gambling.
There are also questions about the future of KRAIL with discussions taking place regarding replacing it with a new regulatory body that would streamline licensing applications and improve regulatory efficiency. A number of KRAIL officials have been called for military service, which has slowed the regulator’s operations and increased calls for it to be restructured.
RELATED TOPICS: Regulation
Latest News
Most Read
Must Read
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Ukrainian Gambling Authority Approves 152 Applications in Q1 2024