OBTAINING LOTTERY LICENSE

Any field of business has its own requirements for work. For some, these are ordinary permits, and for others, they are licenses. There is a list of business areas in which you cannot work without a license. One of them is the lottery.

Traditionally, lotteries have been and remain one of the most profitable spheres. That is why certain legal restrictions apply to this type of activity. In order to legally develop a lottery business, you need to get a license. It is at the stage of obtaining a license that most questions and problems arise for those who wish to obtain it. In order to obtain a lottery license, you must first familiarize yourself with the legislative acts that regulate this issue.

Among the most popular, famous and unusual places for online gambling are such jurisdictions as:

• Alderney;
• UK;
• Belgium;
• Gibraltar;
• Denmark;
• Kanawec (province of Canada);
• Costa Rica;
• Curaçao;
• Malta;
• Isle of Man.

Of course, there are other jurisdictions, such as EU countries, the USA, Canada and many others, where we will easily and quickly help you obtain licenses.

Types of licenses

Depending on what kind of lottery the subject will be engaged in, you need to choose the type of license. After all, for example, one type of license is required for slot machines, and a completely different one for bookmakers.

Where to apply

The responsible body that regulates gambling licensing is the Gambling and Lottery Regulatory Commission. An application for obtaining a license must be submitted directly to this Commission with the addition of the necessary documents, which are specified in the Law of Ukraine “On State Regulation of Activities Regarding the Organization and Conduct of Gambling”.

Application consideration period

The commission considers the submitted application with all attached documents and issues a decision within fifteen working days. After making the appropriate decision to grant a license or refuse to grant a license, the Commission notifies the applicant thereof within five working days. If the applicant is refused a license, the reasons for the refusal must be specified in detail in the refusal decision.

The most common reasons for refusal to obtain a lottery license:

• the application for obtaining a license is incorrectly completed or not signed by an authorized person;
• the application was submitted without a complete package of necessary documents;
• information about the subject of obtaining a license does not correspond to the information of legal entities and individual entrepreneurs specified in the UDR, and others.

License validity period

The lottery license is not established by law, that is, it is issued for an unlimited period.

License fee

The entity that received a lottery license is obliged to pay for the license every year. The size of the payment depends on the type of lottery that the business entity is engaged in.

Cancellation of license

The issued lottery license may be revoked at the request of the licensee or in connection with the detection of violations during the operation of the lottery, failure to pay for the license or other violations of the legislation regarding the organization and conduct of gambling games.

Therefore, if you have questions about obtaining a lottery license, it is always better to get advice from a specialist, rather than appeal the Commission’s decision to refuse to issue a license. It is worth remembering that the help of a specialist is the key to a successful result in any activity. Therefore, the lawyers of the company “Prykhodko and Partners” will be happy to help you in obtaining a lottery license.