meta_id 3089823

Ukraine's state gambling regulator, PlayCity, has revoked the gambling licence of Cosmolot (operating as LLC Spaceyx) following an investigation that identified serious breaches of financial regulations. During its inspection, PlayCity discovered that the operator was using peer-to-peer (P2P) payment methods and permitting account top-ups from third-party bank cards, both violations of established licensing requirements. In addition to the licence revocation, PlayCity imposed financial penalties totalling 12.9 million Ukrainian hryvnias (UAH). The breakdown comprises 8.6 million UAH for unauthorised use of P2P payments and 4.3 million UAH for accepting funds from third-party bank cards. PlayCity stated that gambling licences in Ukraine require operators to comply with strict statutory requirements, and that the regulator's mandate is to ensure consistent and transparent oversight of all licence holders to maintain fair market conditions. The Ministry of Digital Transformation (Mincifra) has indicated that it is developing amendments to Ukraine's core gambling legislation to strengthen regulatory oversight further. These proposed changes aim to enhance regulation of betting activities and increase the rigour of operator vetting procedures. PlayCity emphasised that operators who ignore regulatory requirements face financial penalties, and that material breaches result in licence revocation. The regulator continues to monitor all gambling operators within its statutory authority to ensure compliance with unified market rules.