Russian punters showing preference for illegal betting sites

5 Mar 2018

illegal offshore bookmakersAccording to a recent report by the Japan Times, Russian online betting enthusiasts seem to enjoy a clear preference for non licensed bookmakers. Although one may argue that picking unlicensed betting sites can harm the correct regulation of iGaming, bureaucracy and extensive KYC checks are deterring Russian punters from signing up on Roskomnadzor licensed bookies.

Important events such as the FIFA World Cup 2018 are coming up and Russian punters are expected to lean even more towards illegal online gambling. The aforementions Japan Times report highlighted the constant struggle of Russian authorities to regulate this area of illegal activity and lost revenue for the government.

Anton Rozhkovsky, executive of Tsupis, called attention to the numbers describing the situation. As things stand, the online betting industry in Russia amounts to more than 2 billion dollars annualy, with 70% of that going to unlicensed bookies, which makes for alarming losses in state revenue.

Russian punters demonstrate a big preference towards online gambling in general, mainly due to the government’s relentless efforts to control the industry through strict laws, especially following the dissolution of the previous regime. Interestingly enough, 65% of the industry's $110.8 billion annual turnover (according to a 2017 study) are being awarded to non-regulated operators.

Leon, a legal Russian online bookmaker, acknowledged the delay of notable progress in the control of the industry mostly due to time-consuming processes such as ID identification.

Anzor Kavazashvili, a major advocate of anti-match fixing pointed out how many bookmakers are often involved in match fixing activities, including spreading rumors about match fixing in matches that are clean, to get them cancelled and avoid huge pay outs. Specifically for the Russian Premier League however, the situation seems to have changed for the better, with such incidents having been significantly reduced.

A few words on Russia's gambling legislation

Legal online bookmakers in Russia are forced to take all payments through controlled channels called Tsupis, as a way to secure the process from illegal offshore operators. The Russian government is in collaboration with local internet providers following an extended crack down on foreign online bookmakers by blocking IPs to prevent dealings with Russian punters. All providers that fail to follow the state’s guidelines are heavily fined.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The renowned e-wallet Skrill has a new brand ambassador, Paulo Dybala. The Juventus player signed a two-year partnership with Skrill as a representati...

Read more »

Swedish online gambling operator Betsson initiates an expansion in Mexico which will be facilitated in partnership with Big Bola casinos. This will la...

Read more »

The renowned bookmaker Parimatch, has announced the creation of a new supervisory board with CEO Sergey Portnov leaving his post and becoming chairman...

Read more »

The United Kingdom Gambling Commission expects that a new inserted three-year programme will be the beginning of a better and more regulated market, w...

Read more »

The leading sports betting company Entain, extends the amount of international regulated markets in which it operates by 30% during the past year, by ...

Read more »

Online betting operator 888sport, has come to terms with League of Ireland Premier Division football club Shamrock Rovers regarding a new sponsorship ...

Read more »

Premier League team owners arranged a meeting on March 25 to discuss potential partnerships between their clubs and bookmakers. The main goal of the m...

Read more »

The Danish gambling regulator, Spillemyndigheden, has gotten approval from the City Court to block an extensive list of betting sites. Specifically, i...

Read more »

The official sponsor of Juventus, Parimatch, has launched a new video as part of its cross-marketing campaign. The video will feature Juventus famous ...

Read more »

The chief executive of the UKGC, Neil McArthur, announced that he has resigned from his position. His 15 year tenure came to an end with immediate eff...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
100% up to €100
SlotsNBets
  • 94% payout in top football leagues
  • Competitive in-play odds
  • Multiple tennis events
  • Code:bookmakers
120% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Rolletto
  • 95%+ on tennis
  • Alternative spreads on basketball
  • Asian View
120% up to €240
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
€25 Welcome Bonus
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
Betfair
  • The largest and the most reliable betting exchange in the world
  • You can trade your bets
  • Wide range of markets
  • Code:ZSKABS
100% up to €20
Betinia
  • MGA license
  • 10,000+ events monthly
  • Asian Handicaps
100% up to €100
LATEST BOOKMAKER PROMOTIONS