Online gambling problems in Russia ahead of the Fifa World Cup

Posted by Gerry Poltorak on Mar 06, 2018 Posted in Gambling News | No Comments »

World cupSoccer World Cup is in Russia this summer and is anticipated to be one of the most bet upon sporting event in the human history similar to the Brazilian World Cup before this, as well as, the South African World Cup.

People in other parts of the world are concerned about issues like allegations on corruption in the process of bidding in FIFA; doping scandals in Russian sports, state sponsored Russian hooliganism in the Euro Championships and hooliganism in Russian football. Some will claim that there are plans for match fixing in domestic leagues in Russian. This has prompted the tournament’s budget to be cut by $560 million since the vote was won. This being concerns from across the globe, Russian has its own concerns as well.

The country has made legal online gambling and regulated sports betting, you can find any gambling info at gambling.org. With these regulations in place, there is a huge share of the market’s income that’s going to offshore betting companies. From the countries Bookmakers rating, gambling analysis show that Russians are spending about $11.8 billion on sports betting but 65% of this amount is being spent on unregulated activities. The black market does not have clear information and we can say that all this is being based on guesswork since others are having different estimates.

TsUPIS is the single payments provider authorized to process the gambling activities for gamblers in Russia. The first ever legal online sports bet for Russia was launched in February 2016 and the company is known as Liga Stavok Betting Company. Currently, there are 15 bookmarkers that are operating in the market. As you might have read from reviews on gambling.org, Bwin is a giant bookmarker in UK and it has become the first foreign operator to get a licence to serve the Russian market. The betting site is owned by GVC. Authorities in Russian are doing their best to lure more companies into their market.

Currently, Roskomnadzor is the country’s regulator and is chasing around illegal foreign operators. They have ordered the Russian service providers to block all unlicensed Russian sites funnelling cash into Russian shell companies.



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