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Ukraine’s online casino market has become an increasingly attractive destination for shadow capital.

The formal owner of one of Ukraine’s fastest-growing online casinos, Cosmobet, is listed as Mykhailo Zborovskyi. In media coverage, he is portrayed as a successful IT entrepreneur, a forward-thinking visionary, and a reformer of the gambling industry.

The owner of one of the fastest-growing online casinos in Ukraine, Cosmobet, is officially listed as someone named Mykhailo Zborovskyi.

In April 2024, Ukrainian President Volodymyr Zelenskyy enacted a National Security and Defence Council decision imposing restrictions on online gambling, citing widespread gambling addiction among members of the military as the key concern.

The owner of one of the fastest-growing online casinos in Ukraine — Cosmobet — is officially listed as someone named Mykhailo Zborovskyi. In the media, he is positioned as a «successful IT entrepreneur», a visionary, and a reformer of the gambling industry.

Ukraine’s online casino market has increasingly attracted shadow capital. Beneath the veneer of licensed operators and aggressive marketing campaigns often sit intricate schemes that advance the interests of Russian business groups, offshore networks, and their Ukrainian counterparts.