The Ukrainian parliament is making news as it was announced that six new bills will be considered involving the regulation of gambling. This includes two draft amendments to the current tax and budget laws related to gambling as well as one rule change regarding illegal gambling. These bills have already been submitted to the parliament.
Of the nine total bills and amendments, only five have currently been made available to the public. The other four are expected to be released after a thorough examination to determine how they meet the regulatory framework.
The bills are backed by Ukrainian President Volodymyr Zelensky, who has been pushing to legalize gambling within the country since being elected. However, these newly submitted bills are expected to act as a form of protection and were introduced by the People Party back in October. Each of these bills was created to establish a regulatory framework surrounding gambling, including the four most significant segments of the industry: online gambling, lotteries, sports betting, and casinos.
The bills were submitted by Taras Tarasenko, who also authored one of the bills. According to Tarasenko, any group applying for casinos in the capital city of Kiev would be required to pay $3.2 million as part of the application process.