On March 31, Moscow hosted Betting Trends Forum conference, including the presentation of Valery Bollier, CEO at Oulala Games, Daily Fantasy Football B2B provider. The expert was impressed by huge opportunities for representatives of Russian betting business and stressed that the Russian Federation had good chances to establish a competitive DFS market.
On April 1, Russia adopted a new sports betting law. According to the foreign expert, it simplifies significantly the life of industry representatives and provides them with huge opportunities for profit earning. In particularly, now, betting shops will be able to use a lot more advertising channels to attract new customers.
The Russian FIFA World Cup, arriving next year, will have a great influence over the growth of the Russian betting market volume. However, companies should also remember about such sports as DFS that will gain benefit from the tournament as well. According to Bollier, daily fantasy sports will actively grow in Russia, because local operators use brand new business models of online gaming and do not afraid of experiments. Unlike European operators, they are not attached to traditional games and offer what the market is expecting.
The expert unhesitatingly said that Russian operators would try to establish mutually advantageous cooperation with well-known providers of online gaming solutions. And it is the great news for young European DFS sector, as the Russian market reach widens prospects of its development.
As to the question whether DFS is actually legal in Russia or not, Bollier has consulted with Mariya Lepshikova, a lawyer at Pravovaya Liniya LLC. She told that DFS is not considered as sports betting so companies do not need a licence to run DFS games. However, local DFS operators will need to adapt the structure of their DFS games so they become what are considered by the Civil Code of the Russian Federation as ''public competition”.
Within his presentation, Bollier has recommended everyone interested in the betting market and daily fantasy sports to attend the annual Russian Gaming Week conference to be held in Moscow on June 7.
Football was an event that got the most bets over the past year. In Russia, a duel between Juventus and...
Tsymbal, CEO at EtherSport (a blockchain platform for sports events), will speak at Betting Trends Forum 2018 in Moscow on...