Over the past few years, the role of an adequate attitude towards the placement of bets has developed significantly. Many European countries have already created local organisations to supervise entertainment platforms. This has improved the comfort and safety of users, as well as formed an additional source of the treasury’s replenishment.
Legalisation of gambling in Ukraine has become an expected and logical step, which has provided the state with an advanced position even in comparison with some European markets.
Experts from the Bett-Market studio talk about how the local casino sector works, and what security assurances the Ukrainian audience can count on.
The Commission for Regulation of Gambling and Lotteries controls the niche. The organisation was created in 2020, and a year later, it successfully issued its first certificates.
Legal operators were immediately able to stand out against the background of shadow suppliers and offer the audience a wide range of additional services.
These include:
All activities of the entertainment market are regulated by the law on state control over the organisation and conduct of gambling.
The main provisions of the document:
Today, more than a dozen online casinos are registered in Ukraine.
The most popular are the following ones:
During the outbreak of the war, the entertainment market, like many other sectors of the economy, dropped sharply and suffered colossal financial losses. The land-based segment has not yet resumed its former positions, while the online sphere has adapted rather quickly and begun to expand its scale.
Dmitry Dyachenko, operational process manager at Cosmolot, reported:
The volume of payments at the beginning of the war decreased 5 times. However, over time, the situation stabilised and even began to improve.
The rise of the market can be explained by the fact that for many people, gambling has become a way to relax and distract from stressful news.
Ukrainian entrepreneurs are trying to adapt to modern realities as quickly as possible. A striking example is the launch of various charitable initiatives and the collection of financial aid for the army.
This strategy has already given results: according to a recent report from the regulator, the industry contributed about UAH 7.4 billion to the state treasury in the first 8 months of 2024. This is 3 times more than the tax volume received in the same period last year.
Besides, 5 more operators announced their readiness to enter the Ukrainian gambling market.
The country’s legislation provides an extensive list of duties and practices of responsible attitude towards the placement of bids. Without such rules, business owners may face serious fines and licence revocation.
Let us consider the main security tools used in local betting establishments:
Comprehensive control of players (Client Due Diligence) is one of the most important algorithms in the iGaming niche. Its task is to collect and check key data about the customers for compliance.
KYC services are used to obtain the necessary details (name, age, address, etc.). Using basic information, it is possible to pre-evaluate the level of risk and calculate the probability of illegal actions by a specific consumer.
To improve the efficiency of this process, operators compare the received reports with all available external databases, such as the List of Politically Exposed Persons, PEPs, and various sanctions rosters.
One of the most effective ways to guarantee the safety of games for money is the integration of certified products from trusted suppliers.
The presence of provably honest content on the platform gives entrepreneurs the following tangible benefits:
Ukrainian online casino platforms offer a wide range of services that allow players to independently control the course of rounds.
Among the most popular solutions, it is worth mentioning the following:
Built-in self-exclusion programs deserve special attention. This is an operational tool that allows clients to voluntarily refuse to place bids for a certain period. The option gives users a sense of complete control over the situation. They can interrupt the rounds on time and seek qualified help if necessary.
Ukrainian entrepreneurs regularly inform their audience about responsible gaming practices. Many platforms provide the opportunity to contact consultants from support services and addiction control agencies.
Customers are offered:
Key aspects that operators need to take into account:
We have a large selection of products for both online and land-based segments.
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