search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Reports RUSSIA - MARKET UPDATE


and two sports betting SROs, were created in 2014, which are responsible for regulating the activities of the bookmakers beyond the basic minimum law requirements.


Firstly, Interactive Bet was set up. Tis means any money, including electronic money, must be transferred through an accounting centre to play on the website, establishing an Interactive Bet rather than a deposit.


Secondly, TSUPIS (Centre for Accounting of Interactive Bet Transactions) was set-up as a Universal Wallet system, which acts as the ‘middleman’ between the player and licensed bookmakers and keeps a record of all transactions between the two parties. Interactive Bets can be handled only via the TSUPIS system.


Tirdly, a mandatory identification process to confirm the gambling player’s identity was introduced. Tis also enabled the tax office to benefit from the 13 per cent tax on winnings under the Tax Code, which was lost when players bet on offshore sites.


Te Interactive Bet system was confirmed with amendments to the Gaming Law in 2019, which gave it clearer legal understanding and grounding.


Any licensed bookmaker can undertake Interactive Bets without any specific online licence, but they can only operate via one official domain name and the servers must be located in Russia. Bookmakers are licensed via the regulating body, the Federal Tax Service.


Two interactive betting transfer accounting centres (TSUPIS) operate under the SROs. Te First SRO of Russian bookmakers launched its TSUPIS on the basis of a non-banking financial company ‘Mobile Card’ Limited in February 2016 and the Association of Bookmakers created the second TSUPIS based on the Qiwi payment system in autumn 2016.


Te First SRO of Bookmakers (Bookmakersunion.ru) is a non-profit association which was set up in 2014 to interact with government authorities to develop standards and rules for the betting industry.


Tis ranges from preparing draft laws and programmes related to bookmaking industry activities and a look at regulations and market changes. Nikolai Oganezov is President and active members include: Liga Stavok, Tennisi, Winline, aBet, Mostbet, 888, Parimatch, 1xstavka, Melbet, Bwin, Poolbet and Betcity.


Te SRO Association of Bookmakers (‘SRO BK’ via Bookmakersro.ru) is the second SRO headed by President Darina Denisova. Active members


P60 WIRE / PULSE / INSIGHT / REPORTS


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118