The State Duma Adopted A Law On Gambling Regulation

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March 4, 2022
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The State Duma ADOPTED A LAW ON GAMBLING Regulation

The state duma adopted immediately in the second and third readings, providing for the creation of a public-legal company "unified gambling regulator", which in real time will send targeted deductions to all-russian sports federations, professional sports leagues. The document is initiated by the deporties of igor stankevich and viktor dreyabkin (united russia).

The founder of the state company "unified gambling regulator" on behalf of the ministry of finance. The company will identify illegal activities on the organization of gambling on the internet, to act as a customer and an operator of information systems that follow the legality of gambling.

"In order to increase the effectiveness of the implementation of state control and oversight of the compliance with the legislation in the field of organizing and conducting gambling, the company has the right to interact with the federal tax service of russia, including through monitoring and identifying illegal activities on the organization of gambling on the internet, "the explanatory note.

The law provides for the creation of the transfer rates of bookmakers and tote in the framework of reception activities from funds from funds, including electronic funds (with the exception of postal transfers) , their accounting and translation of gambling organizers in bookmaker offices or tote. The law establishes that the unified meeting center for the translation of bookmakers and toters and totators will hold targeted deductions from all prisoners by the organizer of gambling in the bookmaker’s office worth division into international and domestic sports events.

Targeted deductions to all-russian sports federations, professional sports leagues will be sent not to the organizers of gambling, but a public-legal company as well as information about the rates. Thus, the public legal company will carry out a centralized monitoring of all rates and payments in the bookmakers and tote of real-time, the explanatory note is said.

The law also changes the basis for calculating targeted deductions and involves the creation of a compensation fund formed through the contribtions of gambling organizers to ensure the obligations of the organizers of gambling. The base of the calculation of target deductions will be determined as income from receiving rates, interactive rates, and the size of target deductions will be 1% of the base. The creatation of the conditions for centralized financials in order to ensure the sustainable development of the law are considered.

As stressed in his speech, the head of the state duma committee, innovative development and entrepreneurship, sergey zhigarev, passed 53 amendments to the document. The deadlines for the entry into force of the provision of the document to ensure a smooth transition to a new regulation of the organizer of gambling in bookmakers and tote, he added.

"Amendments concern, in particular, clarifications in terms of control of the organization and conducting gambling, information system of the company. The activities of the bookmaker office and the tote of joining the organizer of gambling for the information system of gambling for the information system.

Provisions in terms of targeted deductions from gambling sent to financing activities for the development of professional sports and children-youth sports, including the amount of such contributions that ensure the commission of the president of the russian federation in the field of physical culture and sports, has concluded the head of the committee.

Source: tass information agency

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