Gambling became popular in Ukraine after they declared themselves as an independent country from Russia following the Cold War of 1991. Without any specific rules or regulations surrounding the market there were approximately 50 different establishments across Ukraine by 2000 that offered gambling services. One of the more well known groups at the time was the Olympic Casinos Group whom dominated the Blackjack, Roulette, and Poker sectors of the market. By 2003 the Ukraine Government decided to put in place some regulations to help fairly maintain the state of the gambling market. These new regulations permitted Bingo, Horse Racing, Roulette, Cards, Dice, and Slot Machines within the country but had no influence on the growing sports betting market. Despite recent attempts to secure the gambling market, illegal practices continued to happen allowing underage gamblers to play at various venues across the country.
After a devastating fire in 2009 killed 9 people in a Ukranian Gambling Hall the government was prompted to revisit the regulations surrounding the market. The current prime minister put this law in place banning at form of gambling within the country. “On Prohibition of Gambling Business in Ukraine” stated that ‘any placing of bets in which the outcome is found to be determined by chance in whole or in part is considered gambling under the law, and is banned, except where permitted by law’.
Fast forward to 2018 and gambling is still illegal in Ukraine. With this said it has not stopped citizens from betting on esports in recent years as most of the major bookmakers from around the world accept clients from the country. The laws may be strict on paper, but without a strong censorship program, actually eradicating online gambling seems unrealistic.
Picking a esportsbook that accepts customers from your home country is one of critical factors in choosing the right site to sign up with. Our team at Gamopo has spent countless hours researching and using VPN’s to find which bookmakers are best for residence of Ukraine to place esports bets with.
Considering the limited legislation surrounding the online betting industry in Ukraine; they do sometimes run into difficulty when they try and deposit money into their esports betting . Most traditional payment methods such as Bank Transfers, Wire Transfers, Mastercard, and Visa get accepted when trying to transact with betting related websites. Another popular payment method for Ukrainian citizens to use is eWallets, pre-paid cards, and Bitcoin to fund their esports betting s successfully, efficiently, and cheap! Below are some of the more popular forms of payment for Ukraine esports bookmakers in 2018.
The process to fund your esports betting is generally very simple and extremely quick depending on the method you use.
30 May, 2022
