Belarus Tightens Regulations for iGaming Operators
The Ministry for Taxes and Duties of Belarus has released a draft resolution for public discussion, proposing stricter regulations for gambling operators.
New Financial Requirements
According to the draft resolution, iGaming operators in Belarus will face updated financial requirements aimed at strengthening their financial stability.
| Operator Category | Minimum Balance on Special Account |
|---|---|
| Online Casino Operators | USD 1,150,000 |
| Online Bookmakers | USD 256,000 |
These funds must be continuously available in designated bank accounts to ensure player payouts and tax obligations are met.
Additional Regulatory Changes
Transaction Oversight via Online Cash Register Systems
The government plans to strengthen oversight of operator cash flows. All transactions will be required to pass through an online point-of-sale system, enhancing transparency and financial control.
Refined Licensing Requirements
Operators will be expected to comply with several additional conditions, including:
- maintaining technical infrastructure within Belarus;
- providing 24/7 access for regulatory bodies to operator servers;
- storing player personal data within the Republic of Belarus.
Purpose of the Reforms
According to the regulators, these changes are designed to protect player rights and enhance the overall security of the gambling industry. The stricter regulations are also intended to reduce the risk of misconduct by operators.
Public Consultation Period
The draft resolution has been released by the Ministry for Taxes and Duties. Public feedback will be accepted until August 8. Interested parties are invited to submit comments and suggestions to the Ministry.
Impact on the Market
iGaming operators will need to reassess their financial strategies and technological infrastructure. The new rules will demand additional investment, particularly from new market entrants. A shift in market dynamics is also expected, with potential redistribution among major and smaller players.
Conclusion
The proposed changes could significantly reshape the gambling landscape in Belarus. While the heightened oversight and financial requirements may create higher entry barriers, they are likely to foster greater transparency and accountability in the sector.