Recently, we have discussed changes in gambling regulation in Ukraine in our previous article (in case you missed it, you can find it here: https://4h.agency/everything-else/tpost/u5youznsu1-changes-in-gambling-regulation-in-ukrain)
The Committee on Finance, Taxation and Customs Policy of Ukrainian Parliament approved the draft law "On Amendments to Certain Laws of Ukraine Regarding the Organization and Conduct of Gambling and Lotteries" (“Draft law”) on 1 February 2024.
Dmitry Hotsyn, Head of CIS Desk and Senior Consultant at 4H, comments on the situation:
"The main proposal of the draft law is liquidation of the Commission for Regulation of Gambling and Lotteries (KRAIL) and the automation of issuing gambling licenses in the field of gambling.
In our point of view, the approval of the proposed legislation will enhance a fair and transparent licensing process for gambling businesses, and improve the investment climate in the country.
On the other hand, the draft law provides for the automation of the process of issuing gaming licenses by the authorised body. The draft law does not provide clear answers as to which authorised body this is.
The text of the draft law is not final. The other parliamentary committee will review the draft law, and after that, there will be three readings in the Ukrainian Parliament. The draft law may be amended in the process. Now the Committee on Finance, Taxation and Customs Policy of Ukrainian Parliament approved the draft law for the first reading in the Ukrainian Parliament.
We hope that this and other questions will be answered during the procedure for adoption of the draft law by the Ukrainian Parliament.
We will continue to monitor developments and update you on the next steps".
The Committee on Finance, Taxation and Customs Policy of Ukrainian Parliament approved the draft law "On Amendments to Certain Laws of Ukraine Regarding the Organization and Conduct of Gambling and Lotteries" (“Draft law”) on 1 February 2024.
Dmitry Hotsyn, Head of CIS Desk and Senior Consultant at 4H, comments on the situation:
"The main proposal of the draft law is liquidation of the Commission for Regulation of Gambling and Lotteries (KRAIL) and the automation of issuing gambling licenses in the field of gambling.
In our point of view, the approval of the proposed legislation will enhance a fair and transparent licensing process for gambling businesses, and improve the investment climate in the country.
On the other hand, the draft law provides for the automation of the process of issuing gaming licenses by the authorised body. The draft law does not provide clear answers as to which authorised body this is.
The text of the draft law is not final. The other parliamentary committee will review the draft law, and after that, there will be three readings in the Ukrainian Parliament. The draft law may be amended in the process. Now the Committee on Finance, Taxation and Customs Policy of Ukrainian Parliament approved the draft law for the first reading in the Ukrainian Parliament.
We hope that this and other questions will be answered during the procedure for adoption of the draft law by the Ukrainian Parliament.
We will continue to monitor developments and update you on the next steps".
