The Law on "Amendments to the Law on
"Lotteries"" (the "Amendment Law") was
adopted on 27 December 2021 and entered into force on 1 January
2022.
The Amendment Law:
(i) provided the revised definitions of targeted lottery,
winning fund, winning, competent authority, and electronic
lottery;
(ii) defined the virtual lotteries, virtual environment, lottery
terminals, lottery ticket sellers as follows:
- virtual lotteries - a lottery form that is simulated or
generated by computer algorithms and (or) on the basis of races
selected from real sports and other events that took place in the
past by means of computer algorithms, accompanied by the provision
of winnings to the owners of winning lottery tickets and (or)
creating betting opportunities (Article 2.0.16-1);
