26 May 2018, provisions of the Federal Law 358-FZ of 27.11.2017 come into force. Earlier, Russia enacted the Federal law "On Amendments to the Federal Law "On Lotteries" and the Federal law "On the State Regulation of Organization and Conducting Gambling, and on Making Changes to Certain Legislative Acts of the Russian Federation" prohibiting the conduct of money transactions between private individuals and illegal gambling sites.

It is expected the special register will be created and filled out with the names of the Russian and foreign legal bodies and private individuals suspected of organizing illegal gambling activities in Russia. These include all of the online casinos, poker rooms, sports and online betting, as well as lottery sites that do not comply with the Russian legislative requirements. The law will not affect the legally functioning bookmakers and state lottery operators.

The Federal Tax Service will be responsible for the maintenance of the register and informing the banks and the paying agents.

This law was enacted by the State Duma on 15 November 2017, was approved by the Federation Council on 22 November 2017 and has already entered into force on 1 January 2018. The provisions that prohibit credit institutions and paying agents conducting money transfers to the organizations included in the registry, and that establish the powers to manage the registry will come into force on 26 May.

Put it otherwise, the government is to create a registry of illegal bookmakers and online casino operators that will be blacklisted according to the decision of the Executive state body authorized by the Government of the Russian Federation, without trial. In turn, credit and payment organizations will be forbidden to process the transactions involving the registered operators.

Consequently, a player from Russia, not knowing the way to bypass this law, won't be able to make a deposit or withdraw the winnings. But the reality is something different. 

Many experts believe that these bans will not work. For example, it is difficult to limit the payments through the international payment systems Visa and MasterCard, because transactions are carried out in automatic mode on 7995 and 9754 MCC codes. And since most bookmakers and online casinos prohibited in Russia have the official licenses of foreign jurisdictions, for these payment systems they operate within the legal framework.

Moreover, many companies have already begun to develop solutions to bypass the bans. For example, Slotegrator company already offers its new product – Moneygrator. It is a multi-currency system with a variety of payment options for quick transactions with online casinos.