Tag Archives: KRAIL

 The government of Ukraine has reinstated an 18% tax charge to be applied on online casino turnover.  The decision was confirmed via a telegram of Danylo Hetmantsev. Chairman of the Verkhovna Rada’s Finance Committee. The tax charge was reinstated on 10 August, following an update to Article179 of the Ukraine tax code. The change to the tax code was authorised …

KRAIL – The Commission for the Regulation of Gambling and Lotteries in Ukraine has hit back against direct attacks made against its organisation by The Ministry of Digital Transformation.  This week, the Ministry presented ‘Draft Bill-9256’ to the Verkhovna Rada (parliament), seeking authorisation to ‘liquidate KRAIL’ of its duties as the authority overseeing Ukrainian gambling. Mykhailo Fedorov, who leads the …

Ukraine’s Gambling and Lotteries Regulatory Commission (KRAIL) has cancelled the licences of three operators, following security and law enforcement investigations. The regulator stated that the Security Service of Ukraine (SBU) and the National Police in Kyiv had concluded the firms had not submitted sufficient evidence that they were acting in Russian interests.  Play Fan Investment – which held both sportsbook …

The Ukraine Gambling Council (UGC) has stood by national gambling and lotteries regulator KRAIL, whose authority has been attacked by MPs and the media.  Last week, Mikhail Fedorov, Ukraine’s Minister of Digital Transformation, submitted a request to the Verkhovna Rada calling on MPs to support “the liquidation of KRAIL”, stating that the agency had failed in its duties to protect …

Anton Kuchukhidze, Chairman of the Ukraine Gambling Council (UGC) has provided an update on Ukrainian gambling developments under the active Russian aggression.   Speaking to CIS markets news sources SBCCIS, Kuchukhidze disclosed that regulator the UGC had re-established its regulatory duties five months following Russia’s illegal invasion of Ukraine. UGC  oversees a marketplace that has been severely disrupted by the …

A make-or-break end of year beckons for Ukraine’s nascent gambling sector, as the definitive tax framework and technical amendments of the Gambling Law are scrutinised by the Verkhovna Rada.  Though sanctioned last August, the Rada’s failure to settle on the Gambling Law’s tax, licensing and technical arrangements has frustrated domestic incumbents, whilst leaving international operators in limbo with regards to …

Ukraine’s regulated gambling marketplace has been brought into disrepute following the arrest of a member of newly formed regulatory agency – The Commission for the Regulation of Gambling and Lotteries (KRAIL). Last Friday, NABU – Ukraine’s federal anti-corruption bureau – issued a statement confirming the arrest of an unnamed member of KRAIL, who was charged with “receiving an illegal benefit …

VBet, the flagship B2C brand of BetConstruct, has secured licence approval to operate online casino and poker verticals for Ukraine’s newly regulated gambling marketplace. BetConstruct confirmed that VBet had received its formal licensing approval from KRAIL, Ukraine’s Gambling and Lotteries Commission, which approved the brand as Ukraine’s first licensed online poker room. Welcoming KRAIL’s approval, BetConstruct Founder and CEO Vigen …