Recent market analysis from Blask identifies Russia as the CIS country with the largest offshore iGaming segment. The report outlines regulatory developments across neighboring territories between 2020 and 2026.
Russia’s offshore segment has contracted since 2024 following the closure of Qiwi Bank and the introduction of drop monitoring legislation. Authorities have simultaneously increased blocking of payment gateways. These measures raised the onshore operator share from 28–40% during 2020–2023 to a projected 50–57% for 2025–2026.
Regional Regulatory Comparisons
Georgia, Belarus, and Armenia record the lowest offshore proportions. Licensed brands maintain traditional dominance in the two Caucasian markets. Belarus saw consumer demand migrate to regulated operators after widespread blocking of unlicensed platforms in late 2022. Online casino services remain prohibited in Russia, while Ukraine, Belarus, Armenia, Georgia, and Moldova operate them under state monopoly frameworks.Uzbekistan has enacted gambling legalization legislation but has not issued any operator licenses. Kyrgyzstan hosts a single licensed brand where legal participation is restricted to foreign visitors, resulting in minimal platform activity. The Blask analysis covers territories with established iGaming regulatory frameworks.