Member of Russia's Bookmakers Self-Regulatory Organization
Fonbet gets Russian betting license
2016-12-05
Reading time 22 seg
Russian online sports betting operator Fonbet has achieved local licensing status and opened its bkfon.ru site, becoming the sixth online sports betting operator to be awarded a Russian licence since the regulatory regime was implemented early this year.
Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
The company is a member of the trade association Bookmakers Self-Regulatory Organisation which favours the KIWI-Bank TSUPIS, but reports indicate that KIWI-Bank is not yet fully up to operational speed.
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