Russian bookmaker Fonbet has launched its new online sports betting property bkfon.ru, becoming Russia’s sixth licensed operator.
Fonbet a member of Russia’s Bookmakers Self-Regulatory Organization (SRO) launches its bkfon.ru website, having gained its license approval by Russian media regulator Roskomnadzor.
In order to comply with Russian online betting laws, the new Fonbet property will adhere to strict payment processing regulations monitored by state regulators, which will see bkfon.ru channel its transactions through the centralised TSUPIS system. Additionally, as a SRO syndicated bookmaker, bkfon.ru will utilise Russian payment service QIWI as its lead transaction service.
bkfon.ru follows Liga Stavok, Winline, 888.ru, 1XBet and Leon.ru as Russian approved online betting operators by Roskomnadzor.
Based in Moscow, Fonbet currently operates over 800 betting points within Russia as well as licensed online betting services. Furthermore, the bookmaker has been the official sponsor of Russia’s National Football League (FNL) second division for season 2015/16.
At the start of 2016, the Russian government revamped its online gambling regulatory framework, specifying that licensed bookmakers would be charged with a 10% tax on betting wagers.
Following direct orders from the Russian government, Roskomnadzor has implemented a strict stance monitoring unlicensed bookmakers deemed to be targeting Russian consumers. Throughout 2016 the regulator has blocked IP and payment transaction services to numerous European operators including 888, Triobet, Unibet and bwin.party.