Russian Legislators Vote on Bill to Establish Single Gambling Regulator
The Russian State Duma, the country’s legislature, is to vote on a bill that would establish a new gambling regulator that would have control over the country’s entire industry.
The aim of the new regulator is “improving the effectiveness of control and supervision in the field of gambling in order to increase funds, which will be directed to the Ministry of Culture and Sports.”
As part of its remit, it will be tasked with monitoring and detecting illegal online gambling. Furthermore, it will also be required to put forward proposals on how Russian gambling legislation can be improved, and it will seek to work with other regulatory bodies where necessary.
If the bill passes, the new regulator will be under the control of the Ministry of Finance. A board consisting of a chairperson and four additional members, each of which will be appointed by the government for a three-year term, shall manage it. A general director who will be appointed for five years will lead the work.
The idea of the new regulator is to replace the current system. At present, the State Tax Service regulates gambling In Russia and a number of ‘self-regulating organizations’ control bookmakers. These organizations make the rules regarding betting and run payment systems.
Viktor Deryabkin and Igor Stankevich from the governing United Russia Party put the bill forward. It was then sent to the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship, where it was approved on 17 November. This means that it will have a first reading on the Duma floor before the end of the year. However, before that happens, the Legal Department of the Office of the State Duma is due to provide an analysis by the end of November 2020.