The betting market is active in Europe and also in the CIS. Kyrgyzstan is one of the largest representatives of the CIS and Central Asia. Sports betting services here are provided by international betting companies that operate under an offshore license issued on the Isle of Man, in Curacao, etc. Internationally licensed Russian and European bookmakers operate in Kyrgyzstan. Despite different licenses and origins, players’ requirements for betting companies remain the same: reliability, a broad range of events and prop bets, and a user-friendly website with good withdrawal options.
Legality of the Bookmaking Business
Bookmaking is prohibited by law in Kyrgyzstan. A complete ban was first imposed on casinos. Both online and offline betting has been completely banned since 2015. The country’s authorities presented the decision to ban gambling as a measure to fight the growth of crime and gambling addiction. Bookmakers had made annual tax payments, but the government found those revenues not persuasive enough. Betting shops have been occasionally opened in the country, but they all operate illegally. Online betting is also banned, but Kyrgyz players bypass the government’s ban and make bets at international bookmakers.
Online Gambling in Kyrgyzstan
After the law banning gambling came into effect, all the bookmakers went online. No bookmaker that accepts bets from players located in Kyrgyzstan is legal in the country. The lack of legal status does not make betting companies unreliable, however, since they operate under an offshore, Russian, or European license. International bookmakers do not accept bets in the local currency. The most popular currencies are RUB, EUR, USD, and GBP, depending on the domain location. As far as deposits and withdrawals are concerned, betters can use e-wallets (Webmoney, PayPal, Skrill, Neteller), payment cards (Visa, MasterCard), and bank transfers. The Kyrgyz government does not plan to lift the ban on gambling. On the contrary, they’re imposing new restrictions. The next step is a ban on promotions mentioning bookmakers and casinos, as well as on bookmaker advertisements on the Internet.
How to Choose a Bookmaker for Betting
The Bookmaker Expert website presents the best bookmakers that accept players from Kyrgyzstan. When compiling ratings, we took into account: – Possession of a license, in this case, issued in an offshore or EU country. – The option to open an account in the national currency. – Time needed for processing bets and withdrawal requests. It usually takes no more than 12 to 36 hours to process a request and transfer funds. Some bookmakers provide the instant withdrawal of winnings. – Availability of customer support and communication methods. Reviews from real players and the existence of mobile applications are no less important factors in compiling the ratings for bookmakers that simplify operating activities and accept bets online.
Among the major betting currencies for players from Kyrgyzstan are RUB, EUR, USD, and GBP. Players only have access to international bookmakers and online betting. Gambling is prohibited by law.
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