Stand behind Ukrainian independent journalism when it’s needed most. Help us reach 20,000 members.

Skip to content
Edit post

Ukrainian betting giant Parimatch suspends business due to government crackdown

by The Kyiv Independent news desk March 12, 2023 8:22 PM 1 min read
This audio is created with AI assistance

On March 12, Parimatch, the largest betting company in Ukraine, known globally for sports betting and online gambling, announced the suspension of its activities and the blocking of its official website.

According to a company statement, Parimatch is now “looking for a legal mechanism” to return all money to customers, as well as to suspend all partnership contracts and lay off employees.

Earlier, on March 11, the Ukrainian government put into effect the new package of sanctions against 120 individuals and almost 290 legal entities linked to the gambling business.

The company, which was founded in 1994 in Kyiv, entered the Russian market in 1998, but ended its franchise in March 2022 after Russia’s all-out invasion of Ukraine.

Zelensky sanctions 120 individuals, 287 legal entities

Independent journalism needs a community —
not a paywall.

We’re working hard to show the world the truth of Russia’s brutal war — and we’re keeping it free for everyone, because reliable information should be available to all.

Our goal: reach 20,000 members to prove independent journalism can survive without paywalls, billionaires, or compromise. Will you help us do it?

Can we reach 20,000 members?

News Feed

MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.