Is earning from betting and poker legal?

Is earning from betting and poker legal?

The betting in Ukraine was not as popular as it is now. It has not always had any clear specifics. That fact explained by the difficult times of the 90s and there is the Internet and information technologies simplify the conduct of such business.

The features of development of earnings on bets and poker in Ukraine

Gambling’s fans could only use a tote called “Sports forecast” in early 1991. It is a sports lottery. It still exists today under the name “MSL”. Over time there are new players began to appear in the business.

For example the Parimatch become very successful. It were able to open their own ground clubs in almost every city due to rapid development. There was an opportunity to play where there is Internet. It has greatly facilitated the acceptance of bets.

The gambling business’ prohibition

Radical changes came to the country in 2009. All gambling was banned.

This meant closing:

· Gaming clubs with slot machines;

· Casino;

· Sports bet.

Sanctions have been applied not only to offline but also online games. A significant amount of leading companies has disappeared from the Ukrainian market to concentrate in neighbors. Gambling was also banned in Moldova. They were forced to receive Russian license.

What bookmakers are allowed in Ukraine?

As a result of the total ban many people have question: is it legal to make money on betting and poker ? The lotteries are not considered to a gambling in Ukraine. This means everyone can buy a lottery ticket. Several companies have licenses to conduct lotteries.

There are:

1. State Savings Bank of Ukraine

2. “MSL”

3. Enterprise “Ukrainian National Lottery”

4. Society “Patriot”

The Patriot and Oschadbank have the proper license but they do not run lotteries. The “MSL” and the Sportprognoz have existed in Ukraine since the beginning of independence and still have the right to take bets on sports legally.

Have you heard of the Favorite Sports? Everyone knows about it thanks to the large-scale advertising campaign. It is speaks on behalf of the National Lottery. You can legally to bet on sports. The Favorit-Sport is a major sponsor of a large number of sporting events in Ukraine.

Do international bookmakers operate in our country?

There is a ban. But the international bookmakers popular in Ukraine. For example the 1xBET site. It is known in advertisements for TV series and movies. It has the license in Russia. There is a strange situation with the popular Fansport. It is banned in Ukraine. But it is Dynamo Kyiv’s sponsore. For a wonder.

Why do so many people in Ukraine actively bet on sports and other events with illegal bookmakers? Sanctions are imposed only on companies. There are do not apply to players. You can not be afraid of fines using various betting services.

It is not clear how to tax earnings on bets and poker. For example if a person wins in the lottery he must pay a certain interest to the treasury. And about the taxation of sports bets online is prescribed nothing. Gains received in terrestrial offices are taxed. Using illegal betting services it is important to remember you can use free legal aid. Its number is on the main page of the UniExpert app.


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