Media unveils gambling operator's identity: BEB withdraws 1 billion
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During the latest developments, it came to light that the company's noble leader was wrapped up in a cloud of suspicion, as reported by the press service of the bureau.
According to insider sources, this appears to revolve around the sanctions-hit betting giant, Parimatch. This abrupt news surfaced just as they were grappling with significant tax disputes and sanctions-related challenges (Y'know, typical corporate drama!).
Let's take a stroll down memory lane. Back in March 2022, President Volodymyr Zelensky signed a decree, adding Parimatch to the list of legal entities related to Russia. This decree put a 50-year ban on their operations within Ukraine. Later, in August, the company went on the defensive, refuting accusations of trying to circumvent sanctions through clone sites, collectively known as BuddyBet. Yet, the KRAIL maintained their stance, claiming these clone sites were a sly attempt to bypass sanctions.
The cherry on top of this messy sundae? By December 2023, Maxim Liakh, Parimatch’s managing partner and CEO of the Parimatch group, decided to bid adieu to his position. However, the specifics regarding the compliance with sanctions remain clouded in mystery.
Fast forward to April 2025, and Ukrainian authorities are after nearly $560 million from Parimatch, amidst an ongoing legal battle over financial obligations. It seems the company's presence in other jurisdictions, like the U.K. through its BetVictor partnership, is holding steady. On the other hand, they're dealing with withdrawal issues in other markets, such as India.
A quick search doesn't reveal any explicit allegations of sanctions-circumvention, but it does highlight unresolved financial and regulatory disputes in Ukraine. Is it time for Parimatch to take an L and call it a day? Only time will tell! 🕰️🎲
- In the latest developments, President Zelensky is alleged to have involved Parimatch, the sanctions-hit bookmaker, in a cloud of suspicion, as reported by the press service of the bureau.
- The sanctions-hit betting giant, Parimatch, is currently embroiled in significant policy-and-legislation disputes surrounding finance and fintech, particularly related to sanctions evasion allegations.
- The industry is watching closely as Ukrainian authorities seek nearly $560 million from Parimatch, while the company continues to face withdrawal issues in various markets, such as India.
- Maxim Liakh, the former managing partner and CEO of Parimatch group, vacated his position in December 2023, leaving the specifics of sanctions compliance shrouded in mystery.
- The KRAIL, despite Parimatch's earlier refutations, maintains that the company attempted to circumvent sanctions through clone sites like BuddyBet.
- General news outlets continue to monitor the situation, but no explicit allegations of sanctions-circumvention have been found, emphasizing the unresolved financial and regulatory disputes within Ukraine's policy-and-legislation landscape.
