Parimatch obtains Ukraine’s inaugural sports betting license for legal compliance

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The operator has recently obtained a sports betting license from the Ukrainian Gambling Commission (KRAIL), following the approval of its online gaming license last month. After fulfilling all requirements, including the payment of necessary fees and passing final technical checks, the operator has been officially granted the betting license. Parimatch’s CEO, Sergey Portnov, states that the company not only excels in service quality and technological development but also adheres to transparent business practices. Parimatch is proud to contribute to the growth of the gambling industry in its home country and believes that the legalization of the sector will generate much-needed funds for the Ukrainian budget.

Parimatch’s CEO in Ukraine, Natalia Gilevich, expresses her satisfaction in being able to offer sports betting in the country where the company originated. She sees this as a challenging responsibility and intends to provide the Ukrainian audience with the best gambling experience possible, aiming to establish Ukraine as the leading platform in the Eastern European market.

In other news, the Ukrainian Gambling Commission has addressed player complaints regarding Parimatch’s dot.com site. The commission reminds players that Parimatch’s licensed site in the country is registered under the dot.ua domain, and any gambling activity carried out on another address under the Parimatch brand is deemed illegal. However, a Parimatch spokesperson assures that this statement has no impact on their operations since they have a local license and the .com website does not cater to users in Ukraine.

It is worth noting that Ukraine’s gambling laws include a provision to prohibit Russian-owned gaming businesses or those with Russian directors from holding a license. Despite this requirement, Parimatch has previously confirmed that it does not pose a concern to their operations. In August 2020, Ukraine’s gambling act was signed into law, legalizing online gambling, bookmaking, slot halls, and land-based casinos within hotels. The legislation had already received a majority vote in the Verkhovna Rada, the country’s parliament, in the previous month.

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Travis Chang is a highly respected writer with a deep-seated passion for gambling and online gaming. With over a decade of experience in the industry, Travis has carved out a reputation for his insightful and well-researched content on casinos, sports betting, poker, and emerging trends in online gambling. His writing is celebrated for its clarity, depth, and ability to make complex subjects accessible and engaging for a wide audience. Travis's articles provide readers with in-depth reviews, expert strategies, and the latest industry developments, empowering them to make informed decisions and enhance their gaming experiences.
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