Russia set to introduce new gambling regulator

Posted:: Nov 26, 2020 15:09 Category: Regulatory , Europe , Posted by Kai

The proposed draft indicates that there will be one regulator overseeing the whole gambling industry in Russia

By the end of the year, Russian state Duma will evaluate a bill regarding the proposal for the formation of a new gambling regulator.

DumaThe proposed measures state that there will be one regulator for the whole gambling industry in Russia and it has already had its first reading in the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship.

The first stage was approved on November 17th and will now go to the upper house for reading.

If approved by the upper house, the new regulator will have a number of tasks which include the “improving the effectiveness of the control and inspection of the gambling market in order to increase the funds, which will be forwarded to the Ministry of Culture and Sports.’

The new regulator will be responsible for monitoring and detecting illegal online gaming activities and for the preparation of proposals to improve the national gaming legislation.

At present, the State Tax Service is responsible for casinos and online gambling but bookmakers have the leeway to self regulate. This new bill will see casinos, online gambling and bookmakers all fall under the single Russian regulator.

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