Compliance Updates

Russia to Tight the Rules for Bookmakers

Published

6 years ago

April 16, 2019

Niji Narayan

Russia to Tight the Rules for Bookmakers

Reading Time: < 1 minute

Russia is going to make the law on gambling tougher. A new bill having more rigorous rules for casino operators and bookmakers is recommended for approval by the State Duma Committee on Economic Policy, Innovation Development and Entrepreneurship.

The document contains a complete list of events eligible for betting. In addition to sports events, bookmakers will be able to offer betting services related to live entertainment shows, elections and referendums.

All betting companies will have to provide guarantees of winning payout. Moreover, banks that will issue these guarantees for bookmakers, have to meet the list of requirements in order to secure the guarantee provided.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.