Compliance Updates
Ukrainians lend their support to Parimatch as 25,000-strong petition delivered to President Zelenskyy
The petition is asking the President to order a thorough investigation into the arbitrary sanctions imposed on the company
An official petition requesting President Volodymyr Zelenskyy to review the decision to impose sanctions against Parimatch LLC has garnered over the required 25,000 signatures 14 days ahead of the deadline, as the Ukrainian public rallies behind the Company in its fight to uphold the rule of law in Ukraine and unblock its popular services in the country.
Under Ukrainian law an official petition that gathers 25,000 signatures is referred directly to the President for consideration. President Zelenskyy now has 10 days to act in the case which has become a touchstone issue for tens of thousands of Ukrainians who want to see their country become a successful democracy where the rule of law is firmly established and respected.
Parimatch, a popular international sports betting and online gambling company that provides its services to satisfied customers across three continents, has strong roots in Ukraine where the business originated. It was sanctioned by Ukraine earlier this year and banned from operating in the country for 50 years, which has impacted hundreds of thousands of citizens who can no longer access or retrieve their funds. The ban was the result of a flawed and unfair investigation that falsely claimed the Company was doing business in Russia.
Parimatch has provided expert independent legal opinion that confirms the Company ended its third-party licence agreements with Russian entities in March 2022, immediately after Russia’s illegal invasion of Ukraine. This entailed terminating software and trademark licensing agreements it previously had with a Russian entity. Full information about the sanctions against Parimatch can be found on the website https://justice4business .com/en/ that provides extensive documentation about the unfair sanctions and the Company’s legal position.
Maxym Liashko, Managing Partner of Energame, Parimatch’s management company, said:
“We are Ukrainian patriots. Our fellow countrymen and countrywomen unequivocally agree with that. We have supported our country against Russia’s full-scale invasion from the first day, and immediately moved to terminate any remaining legacy business in the aggressor country. We are confident that Ukraine is on an irreversible road to becoming a democratic European nation where people can live and do business freely, while enjoying the full protection of the law. We trust that our President, a champion of the rule of law and liberal democratic values, will do the right thing and order a review of the unjust sanctions that were imposed on us in a flawed and unfair process.
“We all agree that it is the right and the duty of Ukrainian authorities to sanction entities or individuals that seek to undermine the country. Sanctions are a powerful tool in the fight against the invaders and their supporters. However, mistakes are sometimes made, as happened in the case of Parimatch. A robust review and appeal system is therefore an essential part of any sanctions regime.”
The petition also highlights Parimatch’s support for the Ukrainian army and wider war effort that so far has totalled 547 mln hryvnia ($14 mln) and is still ongoing. As an international company proud of its strong Ukrainian roots, Parimatch will remain an unwavering supporter of Ukrainian sovereignty in the face of Russia’s illegal war of aggression.
Armenian Parliamentary Committee on Economic Affairs
Armenia to Implement Strictest Gambling Regulations to Combat a Massive Surge in Addiction
At its meeting on last Wednesday, the Armenian Parliamentary Committee on Economic Affairs postponed the first reading of amendments to the Law “On Regulation of Gambling Activities” and several related laws until the next meeting for further revision.
Hayk Sargsyan, the author of the legislative initiative and a member of parliament from the ruling Civil Contract faction, stated that the volume of online casino bets in Armenia has increased more than 35-fold over the past eight years.
“While in 2017, the volume of online casino bets was 0.2 trillion drams, in 2025, it will increase more than 35-fold, reaching 7.4 trillion drams. Online casinos have become a scourge and a plague for our people,” Sargsyan said.
According to him, hundreds of thousands of citizens are wasting their money on gambling addiction. Regardless of their location, they have 24/7 access to online casinos and are unable to break their addiction.
“In an attempt to recoup their money, citizens are accumulating debts and loans, thereby further worsening an already critical situation. Under the current circumstances, the National Assembly is obliged to take preventive measures aimed at maximally restricting participation in online casinos for individuals who no longer want to gamble but are unable to overcome their addiction, as well as those in dire social situations or those using government support programs,” Sargsyan said.
The bill proposes establishing a mandatory requirement: all online casinos must place a publicly accessible self-blocking button on their websites and apps.
“After clicking this button, playing at online casinos will be prohibited for a period of five years, with no possibility of early reinstatement. After this period, the ban is automatically extended for another five years unless the citizen submits an application to lift the restriction five days before its expiration. Information about the self-ban will be communicated to the gaming operator. Activity in other online casinos and gaming platforms will also be suspended,” Sargsyan said.
He also stated the need to prohibit participation in online gaming for recipients of social benefits, individuals whose primary source of income is a pension, individuals in bankruptcy proceedings and participants in subsidy programmes implemented with funding or co-financing from the state budget. Furthermore, it is proposed to set a limit on participation in online gaming at 20% of annually declared income.
Government representatives approved amendments that are planned to come into effect on January 1, 2027, following the introduction of the gaming operator institution, which will likely be selected mid-year and implemented as soon as possible.
The post Armenia to Implement Strictest Gambling Regulations to Combat a Massive Surge in Addiction appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
The Wisconsin Department of Justice (DOJ) has announced that it is suing Kalshi, Robinhood, Coinbase, Polymarket, Crypto.com, and their affiliates, to halt their alleged facilitation of illegal sports betting, a form of unlawful commercial gambling, in Wisconsin.
“Thinly disguising unlawful conduct doesn’t make it lawful. These companies’ alleged facilitation of sports betting in Wisconsin should be shut down,” said AG Kaul.
Except in limited circumstances, sports betting and other forms of commercial gambling have long been illegal in Wisconsin. Yet, as alleged in these lawsuits, the defendant companies have chosen to flout Wisconsin law through disguising the sports betting they facilitate on their online platforms as “event contracts,” which pay out just like ordinary bets based on the odds of sports-related outcomes.
The complaints further allege that the companies collect a fee for every bet made, meaning they generate revenue from Wisconsinites by violating the state’s gambling laws. Kalshi, as one example, reportedly generates more than $1 billion in annual revenue from its sports contracts, representing around 90% of its total estimated annualized revenue.
As the complaints allege, by making money from the sports bets they facilitate, these companies are engaging in unlawful gambling activity.
Wisconsin DOJ’s lawsuits, filed on last Thursday in Dane County, request a declaration that, by making sports-related event contracts available for trading by customers located in Wisconsin, the defendant companies are violating Wis. Stat.§945.03(1m) and thereby creating a public nuisance. The lawsuits additionally request preliminary and permanent injunctions enjoining and restraining the defendant companies from making sports-related event contracts available for trading by customers located in Wisconsin.
The post Wisconsin DOJ Sues to Stop Alleged Illegal Sports Betting Operations in Wisconsin appeared first on Americas iGaming & Sports Betting News.
Amusnet has announced its official entry into the Philippine market. In a double milestone for the company’s expansion strategy, Amusnet has successfully gone live with its first local operator, 747Live, and is now officially featured on the Philippine Amusement and Gaming Corporation (PAGCOR) List of EGLD-Approved Electronic Games. The list currently includes a total of 214 approved titles, representing a significant achievement and reinforcing Amusnet’s position as a trusted B2B partner in the country.
“These are two major achievements for us: a strong PAGCOR-approved portfolio and going live with our first partner in the Philippines, 747Live – both laying the foundation for accelerated growth and a stronger market presence,” said Kalin Angelov, Business Development Manager at Amusnet.
“We are very pleased to welcome Amusnet to our platform, as their reputation for premium content perfectly aligns with our mission to offer the best gaming experience in the Philippines. As Amusnet’s first partner in the region, we are excited to introduce such an extensive selection of approved titles to our audience,” said Enrico Menghini, CEO at 747Live.
The initial integration with 747Live allows local players to experience Amusnet’s world-renowned gaming mechanics, immersive graphics and signature jackpot features. To celebrate this market entry, Amusnet is highlighting a selection of top-performing titles, such as the dynamic 100 Golden Coins: Reel Fishing, the fan-favourite Extra Crown and the high-energy 100 Golden Coins.
This expansion into the Philippines marks a new chapter for Amusnet. The supplier continues to set new standards in the iGaming industry, providing operators with a robust and diversified portfolio of high-quality content. By entering the Philippine market with such a strong lineup, the company establishes itself as a premier partner for local operators, dedicated to bringing premium gaming experiences to a new and growing audience.
The post Amusnet Officially Enters the Philippine Market appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
-
Eastern Europe7 days agoSoft2Bet launches Zinx iGaming and sportsbook brand in Romania
-
1spin4win7 days ago
1spin4win partners with OdiBets to strengthen its presence in Africa
-
Acquisitions/Merger6 days ago
Petroglyph Development Group and Great Canadian Entertainment Announce the Successful Closing of the Acquisition of Chances Maple Ridge
-
Conferences6 days ago
Blokotech and Evoverse sign on as presenting sponsors for iGaming Real Talk at BiS SiGMA South America
-
Bede Gaming6 days ago
PointsBet Canada rolls out Bede Gaming aggregation and bonusing platform
-
Asia6 days ago
Betby se asocia con QTech Games y amplía alcance de sportsbook en Asia
-
Bede Gaming6 days ago
PointsBet Canada and Bede Gaming Launch New iCasino Partnership
-
Canada5 days ago
FanDuel Announces New Partnership with Toronto Tempo
