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Russian Boxing Federation Wants New Regulator for Bookmakers

Published

5 years ago

June 9, 2020

Niji Narayan

Russian Boxing Federation Wants New Regulator for Bookmakers

Photo Source: EUBC Boxing

Reading Time: < 1 minute

Umar Kremlev, General-Secretary of the Russian Boxing Federation (RBF), has sent a letter to Prime Minister Mikhail Mishustin, in which he proposed transferring control of the betting market to a single regulator in the form of a non-profit organisation established by the state. Now control over the betting market is carried out by self-regulatory organisations (SROs).

According to the authors of the initiative, a single regulator will reduce the shadow activities of bookmakers’ offices, which will lead to an increase in collected taxes and increase sponsorship for sports. The federation believes that payments from bookmakers to sports organisations “should be many times more.”

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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.