Russian Regulator Licenses Sixth Sports Betting Operator

Fonbet up and running, but TSUPIS-based payment system still a concern

Russian online sports betting operator Fonbet has achieved local licensing status and opened its bkfon.ru site, becoming the sixth online sports betting operator to be awarded a Russian licence since the regulatory regime was implemented early this year.
Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
The company is a member of the trade association Bookmakers Self-Regulatory Organisation which favours the KIWI-Bank TSUPIS, but reports indicate that KIWI-Bank is not yet fully up to operational speed.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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