Ukrainian iGaming Users Unknowingly Fund Russia's War Through Popular Casino Platform

Ukrainian iGaming Users Unknowingly Fund Russia's War Through Popular Casino Platform

By Michael Davidson

December 10, 2024 at 11:11 PM

Ukrainian gamblers using Pin-Up, a popular online casino platform, may be inadvertently funding Russia's military operations. The platform, owned by Russian citizens and based in Russian-controlled Luhansk Oblast, is under investigation by Ukraine's State Bureau of Investigation.

Authorities claim Pin-Up diverts gaming revenue to support Russian military activities and shares sensitive player data, including locations of Ukrainian Armed Forces members, with Russian officials.

Ukrainian troops in damaged urban setting

Ukrainian troops in damaged urban setting

Despite President Zelensky's April 2022 decree prohibiting military personnel from online gambling during martial law, many service members continue to use platforms like Pin-Up. This occurs despite Ukraine only legalizing gambling in 2020, with strict regulations limiting casino operations to qualified hotels and venues.

Pin-Up Global, the parent company, operates offices across multiple countries including Ukraine, Poland, Cyprus, Armenia, Kazakhstan, and Peru. While exact revenue figures aren't public, analysts estimate the company generates over $500 million annually.

The investigation comes as the Russia-Ukraine conflict passes 1,000 days, with the U.S. providing significant defense funding to Ukraine while Russia receives support from China. Recent developments include President-elect Trump's meeting with Zelensky and subsequent call for an immediate ceasefire and negotiations.

The Ukrainian gaming law requires a $5 million license fee and imposes tax rates of 10% on slot machines and 18% on table games and other betting activities. Pin-Up offers various gaming options including slots, table games with live dealers, and sports betting.

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