On Tuesday, the gambling world was bombarded with headlines about the repealing of Ukraine’s 11-year ban on all forms of gambling in Ukraine aside from lotteries. Verkhovna Rada, Ukraine’s unicameral parliament, approved the second reading of the country’s gambling law, Bill 2285-D.
In the wake of these new developments, the CIS office of Denton, a popular international law firm, has shared a couple of viewpoints regarding the sanction of Ukraine’s Gambling act.
While monitoring the parliamentary updates, Dentons CIS has shed more light on the Gambling bill’s planned progress into law, which if unbroken should see to it that Ukraine passes the Gambling bill into law this summer.
Even though the Verkhovna Rada has endorsed the Ukraine Gambling Law, the bill still requires the signature of the Committee Secretariat of the parliament, and this sign-off should take a 10-day duration after being authorized by the Rada.
After that, the Gambling Law will be handed over to President Volodymyr Zelensky within a week, and the president is given a 15-day window to evaluate the bill and sign it officially into federal law.
If the bill gets the Presidential signature, then the Government of Ukraine will go on and gazette the Gambling Law. This is what will officially outline the jurisdictive composition of the new gambling law for both retail and interactive casino and sports betting activities in Ukraine.
According to Ilya Machavariani, Denton’s CIS Associate, the legal gambling bill is a few weeks or even a month away from coming into effect in the country.