The Government has set up a Commission for the Regulation of Gambling and Lotteries
Ukraine has established a regulator in the gambling market - the Commission for the Regulation of Gambling and Lotteries. This was announced by Cabinet Minister Oleg Nemchinov in his TELEGRAM channel.
The resolution "On the Commission on the Regulation of Gambling and Lotteries" was adopted today at an extraordinary meeting of the government.
According to Nemchinov, after the approval of the commission provision, it will be located at: Kiev, Boulevard Lesia Ukrainka 26. The number of employees is 230, including the chairman and six members of the commission (one of them is a deputy).
The creation of the regulator is a requirement of the State Regulation of Gambling Activities Act, which came into force on August 13, 2020.
The Commission's main task is to perform the functions of a licensing body in the lottery sphere. The regulator will make decisions on issuing, reissuing, suspending, revoking licenses, expanding or narrowing business activities by the licensee.
- Boris Baum,former top manager of Russia's VS Energy and a major hotel chain Premier,worked on the drafting of the gambling bill.
- On January 16, the Parliament voted for the bill in the first reading. About 3,000 amendments were submitted to the document. On July 14, the law was passed. On August 11, President Vladimir Selensky signed the Gambling Act.
