A one million license. The Cabinet of Ministers of Ukraine announced new requirements for lotteries

A one million license. The Cabinet of Ministers of Ukraine announced new requirements for lotteries

The Ministry of Finance has published a new draft decree of the Cabinet of Ministers on licensing conditions for conducting lottery business. According to the document, two payments are required:

  1. fixed payment: 100,000 living wages for an able-bodied person according to the relevant law as of the date the license is issued;
  2. unfixed payment that depends on a lottery type:
  • 100 living wages for an able-bodied person for one distribution point with installed lottery terminals;
  • 10 living wages for an able-bodied person for one distribution point, which accepts bets on Тото lottery.

Updates are not limited by this. They also refer to the requirements for the licensee. Among other things, licensee must have a 10-year experience in state lotteries operation (except for state banks) and related nominal capital specified by the National Bank of Ukraine.

Additional requirements have also been put forward the lotteries operation. For example, decreasing of the gambling factor to make lotteries different from illegal gambling. For this purpose, the following measures are planned:

  • to limit the maximum amount of winnings;
  • to ban random number generator in electronic betting shop terminals;
  • to ban lotteries that imply spinning reels visualization, which basically simulates a slot machine game;
  • to introduce client’s written request to the licensee to set a limit on the maximum possible amount of accepted bets, etc.

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