International edition
June 20, 2021

To regulate the “grey” market

Russia could prepare new gambling bill

Russia could prepare new gambling bill
Russia’s Ministry of Finance is planning to prepare a bill to bring transparency to the gambling sector.
Russia | 04/22/2016

Russia’s Ministry of Finance is planning to prepare a bill to bring transparency to the gambling sector.

F

inance Minister Anton Siluanov said that his Ministry had prepared legislation to regulate the “grey” market of gambling. Siluanov said significant grey operations were “still present in the segment of games of chance.”

Last month the Russian government introduced a federal bill which will include amendments of the Tax Code that relate to online bets and wins. According to the document, the new tax rate for an online bet processing centre of a tote or a betting office will be up to RUB3m (US$45,000).

At the same time, according to Russian website Russkaya Planeta (Russian Planet), Russian MP Ilya Kostunov of the ruling United Russia party is reportedly preparing a bill that will ban online betting in the country. Kostunov said the bill would protect minors from accessing online bookmakers.

 

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