President signs the law on gambling

President of Ukraine Volodymyr Zelenskyy has signed the Law of Ukraine on Gambling Business(On Amendments to Certain Legislative Acts of Ukraine to Combat Gambling Addiction (Ludomania) and Improve State Regulation of Activities Related to the Organization and Conduct of Gambling and Lotteries).

The law provides for:

♦ liquidation of the KRAIL and distribution of its powers between the relevant ministry and the newly created body without collegial status;

♦ a ban on gambling advertising, except for a limited list of permitted methods, and a ban on sponsorship, except for sports sponsorship

♦ modernization of the tools of state supervision over the gambling market - controlled play is introduced as a control tool to replace actual inspections;

♦ introducing effective measures to combat gambling addiction, blocking illegal websites, tightening requirements for organizers and adding grounds for license revocation, requiring gambling organizers to make all non-cash payments exclusively through banks, improving requirements for the State Service of Ukraine for Monitoring and Reporting, etc;

♦ improvement of the legislation on state lotteries, in particular, establishment of similar requirements as for gambling organizers regarding the ownership structure, criteria of impeccable business reputation, grounds for license revocation, brand requirements, as well as requirements for payments in the course of state lotteries;

♦ amendments to the Law of Ukraine "On Protection of the Interests of Entities Submitting Reports and Other Documents during Martial Law or a State of War" to resume reporting by gambling organizers and state lottery operators, etc.