Ukraine’s regulator revokes Favbet and Billionaire licenses over Russia links

Ukraine’s gambling regulator has annulled the licenses of Favbet and Billionaire, citing ties to Russia. For PSPs and acquirers in high-risk, the practical point is simple: ownership and jurisdictional exposure are not paperwork trivia when regulators decide whether a brand stays live.

1. The action was announced by the Ukrainian regulator, which posted the update via @playcityukr.
2. The licenses of the Favbet and Billionaire brands were annulled because of connections to Russia, according to the regulator’s statement.
3. No further details were provided in the source about which specific licenses were revoked, which corporate entities were affected, or whether any broader enforcement action would follow.