How the Ukrainian online casino market will change in 2021

The gambling business in Ukraine remained in limbo until last year. At the official level, it was not regulated, but due to loopholes in the law, many entrepreneurs freely conducted their business. Finally, in 2020, the President signed a bill on the legalization of gambling, which included:

• casinos (including online casinos);
• slot machines;
• Internet poker;
• bookmakers;
• Lotteries.
• Thanks to this law, the best online casinos in Ukraine will be able to provide their customers with the highest quality services.

How will the law affect virtual casinos?
Companies planning to create (legalize) online casinos for money must have at least 30 million hryvnias of authorized capital and a bank guarantee in the amount of 34 million hryvnias from authorized banks, as well as equipment that meets international standards.

The new regulatory framework, certification standards and expensive licenses will provide players with confidence that the best sites that paid a large amount for permission will further value their reputation, and therefore honestly pay out winnings to their customers and provide quality support.

There is information that a special commission will regularly check the casino: compliance with the regulatory framework, the operation of the software, the timeliness of payments, etc. Such regulation of gambling business will greatly facilitate the choice of playgrounds. If now gamblers, in order to find honest casinos, are forced to view reviews, search for third-party sites that publish ratings of famous sites, etc., then soon this will become unnecessary, because institutions that do not meet the requirements of the state commission will simply close. Thanks to this approach, each player can easily find the best online casino for himself.

How to choose the right casino?
The most popular and reliable gambling establishments must meet a number of criteria:

• availability of an official license;
• a wide range of certified machines from the best world developers, including the availability of demo versions;
• games with a minimum deposit;
• Possibility to play on hryvnia;
• bonus system;
• round-the-clock support service, rapid response of operators to the appeal;
• high-quality site with a convenient interface;
• Quick and convenient withdrawal of funds;
• availability of a mobile application.

If from this year, the state levers of casino regulation finally work, gamblers will receive security guarantees, and the casino will be an additional plus to its rating.