Russian bookies skeptical over gov’t plan to introduce sports betting right

Russia has proposed new legislative amendments that would require the country’s licensed bookmakers to pay a fee to use the names of sporting events.

Last month, Russia proposed amendments to its federal law on Physical Culture and Sports in the Russian Federation. Among these amendments is a requirement for totes and bookies to negotiate deals with sporting event organizers for the right to use an event’s name, logo and other distinguishing marks for betting purposes.

Should a bookie use said marks without first striking a deal with the organizers, the proposed amendment would give the government the power to set rates as well as the responsibility for collecting and distributing the fees. The money raised via this scheme would go toward the construction of youth sports facilities as well as helping to fund the sporting events on which the fees are being levied.

Russian gambling news outlet Bookmakersrating.ru suggested bookies might attempt to avoid paying such fees by using language that is different from the actual event in question but which punters could readily understand. (Canada’s provincial lottery corporations used a similar workaround when they first launched their Sports Select parlay wagering product, which lacked league support, so they listed teams by their respective cities.)