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Parimatch to obtain operating license in Ukraine

13 Feb 2021

ukrainian-gambling-banThe renowned bookmaker Parimatch has been approved to acquire a license from the Ukrainian gambling regulator, the Commission for the Regulation of Gambling and Lotteries (KRAIL).

Parimatch needs to pay the license fee within 10 working days and fulfil a few more requirements before the licensing deal is officially completed. It was reported that the fee would cost €1.2m, and the license would have to be renewed every five years.

Can Parimatch Fulfill the Requirements?

Moreover, it is worth noting that the Ukrainian gaming authorities prohibit any bookmaker with Russian owners, directors or executives from operating in their market. Parimatch, though, claims to have no issue with that particular requirement.

Parimatch is a sportsbook which was founded in Ukraine in 1994. Its headquarters are located in Cyprus. It also holds local licenses in Belarus, Cyprus, Kazakhstan and Russia. For years, it has expressed its interest in operating in the Ukrainian market. It was denied on its first attempt to acquire a license, but it has finally been added to the list of bookies that can rightfully operate in Ukraine.

The Chief Communications Officer at Parimatch, Daria Isakova, stated: “Parimatch welcomes the decision of the commission to issue a license”.

Why choose Parimatch

Chelsea’s Official Betting Partner
  • 30+ Sports
  • All Elite Cricket Events Available
  • Best Odds Guaranteed for Races
  • Multimatch Bet Builder
  • Quick Bet
  • Full & Partial Cash Out Available
  • Mobile Apps
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For more than 20 years, Parimatch has remained an elite brand for CIS countries. Besides the licenses in Cyprus and Kazakhstan, the operator also actively targets African and Asian countries like Tanzania, Nigeria, India, and Bangladesh, making giant leaps in terms of localisation. I firmly believe the payouts for the English Premier League and Cricket events are competitive in the industry; meanwhile, services like the unique Multimatch Bet Builder, the Quick Bet, and the Partial Cash Out enhance the sportsbook. In my view, the mobile apps for Android and iOS devices and instant withdrawals make Parimatch a decent betting destination. The average live betting odds and the low payouts for secondary Football and all Tennis events are significant drawbacks. Also, the many country restrictions and the strict verification policy are considered cons for the bookie. Finally, I should highlight that more payment methods would be excellent for bettors. Overall, the brand offers a decent sportsbook if you seek an instant payout bookie and an advanced Cricket offering.

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