Legal bookmakers leave Russian market

Publication date: 15 Dec 2020

Legal bookmakers

The VulkanBET bookmaker announced its decision to leave th Russian market. The plan is as follows. From 15 December, the online bookmaker stops registering new users and no longer accepts bets on sports and eSports events. From 1 January 2021, all activity on the territory of Russia is completely terminated. All obligations to players and partners are to be fulfilled by 31 December 2020. “VulkanBET wants to focus on markets which offer more favorable conditions to betting businesses,” the company’s representative commented to 3snet. The online bookmaker will continue monitoring the situation in Russia and does not exclude the possibility of returning to the Russian gambling industry in the future. On 8 December 2020, the Russian State Duma approved the first stage of a bill which provides for the creation of a Unified Gambling Regulator. The Ministry of Finance then announced an increase in bookmakers’ mandatory contributions to Russian sports bodies—from the current 5% of revenue generated from each type of sport to 10%. Experts have immediately warned of negative consequences for legal betting in Russia which this decision will probably result in. Due to the increase in the mandatory contributions, many bookmakers will have to, for example, limit all the variety of sports they accept bets on to only a few most popular types.

Did you like the article?

Share it with your friends via favorite social media

Read more

In the gambling and betting verticals, advertising drives growth, but not all iGaming advertisers can …

Meet Elena Rzianina, CEO and Founder of Lenkep Recruitment, on iGaming Heroes at 3S.INFO. What …

Documentaries about casinos and bookmakers are popular because they unveil the behind-the-scenes world of gambling, …

The iGaming market is flourishing, attracting players of various levels — users, partners, traffic specialists, …

Various methods exist for promoting online betting and gambling, each with differing levels of effectiveness …

In the first part, “What is Click-Under Advertising and Who Needs It?”, we covered the …

June 2025 saw a significant shift in the gambling industry, with some countries tightening controls …

Gambling is regulated in many countries worldwide. It may be banned entirely, permitted fully, or …

Affiliate marketing in gambling relies on trust and clear agreements: traffic exchanged for CPA. But …

Today, in our section of short interviews with affiliate marketing stars on iGaming Heroes at …