In a rather interesting new development in the world iGaming, Russian bookmaker Fonbet launched a licensed online betting service in the country.
In doing so, Fonbet became the sixth player in Russia’s online sports betting market.
The bkfon.ru online sports betting platform will conduct all its transaction via a centralized TSUPIS system, in line with payment processing rules and regulations in Russia.
Fonbet is part of the Russian Bookmakers Self-Regulatory Organisation and acquired its license from the Roskomnadzor national regulatory body.
bkfon.ru will now function alongside other operators like Liga Stavok, Winline, 888.ru, 1XBet and Leon.ru.
It remains to be seen how the new player in the market performs. Considering other brands are well established, these are definitely interesting times for Russia’s sporstbook market.