Dragon Money operates illegally in the Ukrainian gambling market

It has emerged that the company Dragon Money is operating in the Ukrainian gambling market without any restrictions or a licence. In other words, it is effectively engaging in illegal activity.

The main tools used to conduct such activities are p2p payment schemes, which allow for minimising oversight by regulatory bodies, and cryptocurrency.

Meanwhile, in Kyiv, the company operates officially: its employees are registered as individual entrepreneurs (FOP), which allows for optimising tax payments while simultaneously creating the appearance of legal activity.

According to information from the Telegram channel "Sho Azartny", former People's Deputy Oleksandr Mirenko is responsible for promoting and protecting the interests of Dragon Money. He is alleged to have facilitated the establishment of payment infrastructure and provided support through contacts in law enforcement agencies.

This situation raises serious questions for KRAIL (the Commission for the Regulation of Gambling and Lotteries) and law enforcement agencies. How can a company that does not hold a licence not only operate in the market but also openly function with an office in the capital?