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Legalization in Ukraine: “to be” or “not to be”?

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Ukraine is on the cusp of legalizing gambling. After a 10-year ban, the new government made the adoption of the law one of its top priorities.

Discussion around legalizing gambling has been ongoing almost since the ban in 2009. Over the past five years, several bills have been put in front of parliament. Moreover, in 2018, the authorities promised the IMF to legalize all gambling in order to receive additional revenues to the budget. But not one of the bills were supported, and IMF promises were not kept with state’s budget ultimately missing out.

However, in June this year, President of Ukraine Volodymyr Zelensky instructed the Cabinet of Ministers to prepare a bill on the legalization of gambling by October 1, and the parliament to adopt it by December 1, 2019.

The systematic follower of legalization was Alexander Danilyuk, who was dismissed on September 30 from the post of secretary of the National Security and Defense Council. Vladimir Groysman from the Ministry of Finance in the government then took over the mantle. He tried, in every possible way, to promote licensing conditions for the legalization of the gambling business but wasn’t able to bring a draft policy to parliament. Groysman again recently drew attention to the fact that the gambling business in Ukraine is operating “in the shadows” and has a billion UAH turnover that is not being taxed. He argues that the industry must be legalized and the parliament has every opportunity to quickly do this.

A few days ago, the Minister of Finance of Ukraine Oksana Markarova, presented the draft budget for 2020 in parliament and stated that the bill on the legalization of gambling is one of the priorities, since its adoption will provide a significant additional resource forthe state’s budget.

The lifting of the ban on gambling and liberalization of the economy as a whole is also actively supported by two of the largest players in the Ukrainian betting market: the international holding Parimatch and the company Favorit Sport.

CEO of the international betting holding Parimatch, Sergey Portnov in a comment to Ukrinform noted: “We are pleased that current and modern regulatory standards that will be created for the Ukrainian market at the legislative level, which will introduce clear, balanced rules for market players, the state and consumers. Parimatch is interested and supports the adoption of a systematic liberal law that will create an equal and transparent environment for all market participants. Thanks to many years of extensive international experience, our knowledge and expertise can be useful in an open dialogue between lawmakers, lawyers, experts and other participants in the process. We are as open as possible to this dialogue.”

Yekaterina Mashevskaya, Communications Director at Favorit Sport, believes that the main goal of the upcoming bill is to “standardize the industry according to European standards and attract additional cash receipts to the state budget. Mashevskaya comments that the “The bill will create conditions for the development of our market, the creation of new jobs, and the attraction of foreign investment Creating transparent conditions and openness to cooperation is the leitmotif of the current government and we welcome such initiatives. Gambling industry is high-tech. The legalization of the gambling business in Ukraine will provide an opportunity to develop the gaming industry in Ukraine, and this is actually a ‘blue ocean’ for the state.”

Gaming and betting industries in countries with adequate, civilized legislation are one of the main partners of the state for the funding and delivery of sports and charity projects. State funds are being created, which are funded by betting companies, and inclusive projects work from these finances. The new law on the legalization of gambling in Ukraine, first of all, should be a partnership between the government and business. It should include transparent, clear standards that create the operating conditions for those companies that want to contribute to society.

On September 30, during a presentation of the Government’s Action Program, Prime Minister Alexei Goncharuk announced that the Cabinet of Ministers would submit a bill on legalization of gambling business to the parliament in the coming days. “We want the slot machines to disappear from the streets, so the government developed a bill on behalf of the President. Yesterday, we voted for it, and in the coming days – today or tomorrow – it will be submitted to parliament.” Goncharuk said, noting that gambling will be held exclusively on the territory of hotels, the issue of lotteries is separately regulated.

The prime minister expects that the legalization of gambling will replenish the state budget by 2-2.5 billion UAH; “If we are talking about the revenue side of the budget, we expect that we will receive about 2-2.5 billion UAH due to the legalization of gambling in the budget. But we must also consider, we must understand what law will be adopted.”

Both experts and the Prime Minister agree that Ukraine needs a transparent law and a process that will formulate clear and liberal rules for all market participants. The state has all the opportunities to get the necessary expertise to prepare a balanced law. Have the lawmakers listened? Well, there is still no sign of the new law in parliament yet…but we should find out very soon.

 

The article was published by the state information agency ‘UKRINFORM


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Legalization in Ukraine: “to be” or “not to be”?

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Enhanced Regional Presence: The Partnership Between SYNOT Games and BET.bg

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SYNOT Games, a leading content provider in the iGaming industry, has announced a strategic partnership with BET.bg, one of the foremost online casinos in Bulgaria. This collaboration, made possible through the EGT aggregator platform, marks another key milestone in SYNOT Games’ continued expansion across the Balkan region.

As a recognized leader in Bulgaria’s competitive gaming landscape, BET.bg strengthens its offerings by incorporating SYNOT Games’ comprehensive portfolio of online slot titles. The integration provides a diverse selection of high-quality games to BET.bg’s players, including popular titles such as Aztec Jaguar MegawaysLegends of the Colosseum, and Crazy Free Fruits.

The partnership serves several strategic objectives for the SYNOT Games. First and foremost, it supports the company’s long-term vision of establishing a robust presence across the Balkans by aligning with trusted and high-performing regional operators. The collaboration with BET.bg enables SYNOT Games to tap into a loyal player base in Bulgaria, driving higher brand recognition and user engagement. Furthermore, it accelerates the company’s mission to diversify its distribution channels and leverage aggregators like EGT to maximize reach and operational efficiency.

We’re excited to team up with BET.bg, a respected and trusted operator that holds a great position in Bulgaria,” said Martin Krajčí, Chief Commercial Officer at SYNOT Games.

With the amazing support of EGT’s aggregation platform, we’ve been able to share our portfolio with a wider audience. This partnership highlights our strategic focus on the beautiful Balkan region and showcases our commitment to delivering quality content that truly meets the needs of local players‘ preferences,” she continued.

BET.bg team added: “We’re always on the lookout for fresh ways to enhance our offerings and bring top-notch entertainment to our users. By teaming up with SYNOT Games, we can do just that! Their diverse and engaging portfolio beautifully complements our existing lineup, and we can’t wait to see how our players enjoy these high-performing titles.

The launch of SYNOT Games’ content on BET.bg continues the provider’s momentum in regulated markets, supported by a steady rollout of new titles and proven performers tailored to diverse player bases. The move exemplifies SYNOT Games‘ strategy of forming long-term partnerships that ensure content visibility and align with partners’ growth ambitions in key European markets.

The post Enhanced Regional Presence: The Partnership Between SYNOT Games and BET.bg appeared first on European Gaming Industry News.

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SOFTSWISS Heads to SiGMA Asia 2025

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SOFTSWISS, a global tech expert with over 15 years of iGaming experience, will participate in SiGMA Asia 2025, which takes place from 1 to 4 June in Manila, the Philippines. The event is set to welcome 20,000 delegates, including operators, affiliates, regulators, and top decision-makers.

With over 450 exhibitors, SiGMA Asia is a promising platform for companies exploring business opportunities across the diverse and fast-growing Asian iGaming landscape.

The Asian iGaming market presents a compelling mix of potential and complexity. According to the SOFTSWISS iGaming Trends Report 2025, countries like the Philippines and India are currently undergoing regulatory shifts and technological expansion. 

The Philippines market is projected to reach an annual growth rate of 9.23% by 2033. The region is now emerging as Asia’s second-largest gaming hub, focused on strengthening its domestic market and expanding integrated resorts. India, one of the largest digital markets with over 750 million internet users, is also witnessing rapid growth in the iGaming sector, with revenue projected to grow at a CAGR of 8.1% through 2032.

These developments create substantial opportunities for the industry and a demand for experienced tech providers like SOFTSWISS, which can offer highly localised, scalable solutions that meet evolving market requirements.

Olga Resiga, Chief Business Development Officer at SOFTSWISS, shares: “Asia is one of the most exciting and diverse regions for iGaming today. As digital engagement and the industry itself grow, operators are looking for partners that can deliver reliable, localised, and scalable solutions. SOFTSWISS is ready to support this transformation with technology that will help operators build strong and compliant iGaming projects in the region.”

The SOFTSWISS team will be available at Stand 2116 to present its ecosystem of solutions and share market insights with potential partners and clients.

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 27,800 casino games, the Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team counts over 2,000 employees.

The post SOFTSWISS Heads to SiGMA Asia 2025 appeared first on European Gaming Industry News.

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Americas Online Gambling Market To Soon Eclipse Europe’s, Finds Vixio Forecasts

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  • Vixio forecasts that regulated online GGR in North and Latin America will grow at a compound annual rate of 3 percent from US$22.3bn in 2023 to US$56.3bn by 2028, drawing level with regulated European market.

Vixio, a leading provider of regulatory intelligence solutions, ahead of SBC Americas forecasts that the regulated online gambling market in the Americas to be worth US$32.5bn by 2026, compared to US$15.6bn in 2022, more than doubling in size in a period of four years. This growth rate is more than double the equivalent in Europe, with the European regulated online gambling market projected to be worth €37.3bn in 2026, up from just under €30bn in 2022.

By 2028, regulated online gambling markets in the U.S., Canada and Latin American countries are expected to generate US$56.3bn, drawing level with Europe or potentially surpassing it depending on currency fluctuations.

“Prior to 2018, the regulated online gambling market was highly euro-centric but legalization of sports betting and iGaming in various U.S. states as well as the major markets of Ontario and Brazil has coincided with stricter regulations in European countries that has restricted growth in a number of cases,” said  James Kilsby, Chief Analyst, Vixio.

Vixio will be showcasing its data forecasting and regulatory intelligence solutions in more detail at the SBC Summit Americas 2026 at stand B175, with additional information in its Latin America Online Outlook report, available at vixio.com/research/latin-america-outlook-2025.

 

Vixio forecasts that regulated online GGR in North and Latin America will grow at a compound annual rate of 20.3 percent from US$22.3bn in 2023 to US$56.3bn by 2028, drawing level with regulated European market.

Providing further insight into one of the most closely watched online gambling markets globally, Kilsby, Vixio’s award-winning analyst, will be speaking during a panel session titled “Brazil 2025: A Surge in Licensing and Lessons So Far.” James was recently recognized as a Silver Stevie® Award Winner for Thought Leader of the Year in the 2025 American Business Awards®. The panel will take place on Wednesday, May 14, at 11 a.m. in conference room four.

In addition, Vixio has been shortlisted for Compliance Solution of the Year at the 2025 SBC Awards, which will be announced on the second day of the conference.

Visit us at stand B175 at SBC Summit Americas to learn more about how Vixio can help your business navigate the regulatory challenges of the gaming industry.

For more information, or to book a meeting with a Vixio representative at SBC Americas, visit vixio.com.

 

The post Americas Online Gambling Market To Soon Eclipse Europe’s, Finds Vixio Forecasts appeared first on European Gaming Industry News.

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