{"id":19698,"date":"2026-11-02T08:27:09","date_gmt":"2026-11-02T13:27:09","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=19698"},"modified":"2026-11-02T08:27:11","modified_gmt":"2026-11-02T13:27:11","slug":"kyrgyzstan-moves-to-ban-binary-options-as-gambling","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/kyrgyzstan-moves-to-ban-binary-options-as-gambling\/","title":{"rendered":"Kyrgyzstan moves to ban binary options as gambling"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Bishkek, November 1, 2026.<\/strong> The <strong>Parliament of Kyrgyzstan (Jogorku Kenesh)<\/strong> is advancing legislation to <strong>ban binary options as a form of gambling<\/strong>, restrict their advertising, and introduce criminal penalties against illegal lotteries. The bill received approval at its second-reading stage within the relevant parliamentary committee on <strong>October 27, 2026<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg\" alt=\"\" class=\"wp-image-16352\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg 600w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE-300x250.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The initiative, promoted by the <strong>Cabinet of Ministers<\/strong>, headed by <strong>Adylbek Kasymaliyev<\/strong>, had passed its first parliamentary reading on <strong>October 7<\/strong> and remains pending final approval. <strong>Kairat Mamatov<\/strong>, Chairman of the <strong>Financial Market Regulation and Supervision Service<\/strong>, operating under the <strong>Ministry of Economy and Commerce<\/strong>, explained that binary options involve predictions about price movements, with monetary outcomes comparable to gambling.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"462\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-7.png\" alt=\"\" class=\"wp-image-19700\" style=\"aspect-ratio:1.6136986301369862;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-7.png 745w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-7-300x186.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal would prohibit organizing, marketing, and advertising these activities, recruiting Kyrgyz citizens and residents, or accepting money and <strong>virtual assets<\/strong> intended for participation. It would also amend the <strong>Criminal Code<\/strong>, the <strong>Law on Gambling Activities<\/strong>, and the <strong>Law on Lotteries<\/strong>, introducing criminal liability for organizing illegal lotteries, including those conducted through digital platforms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The bill was presented by Deputy Minister <strong>Benazir Nurlanova<\/strong>, under the ministry headed by <strong>Bakyt Sydykov<\/strong>, and reviewed by the <strong>Committee on Finance, Budget, Entrepreneurship and Competition Development<\/strong>, chaired by <strong>Altynbek Kudaiberdiev<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"792\" height=\"486\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-8.png\" alt=\"\" class=\"wp-image-19701\" style=\"aspect-ratio:1.62707182320442;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-8.png 792w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-8-300x184.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-8-768x471.png 768w\" sizes=\"auto, (max-width: 792px) 100vw, 792px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The reform comes amid rising gambling tax revenues. According to the <strong>Ministry of Finance<\/strong>, headed by <strong>Ruslan Suynaliev<\/strong>, tax collections reached <strong>KGS 443.4 million (US$5.07 million)<\/strong> between January and August 2026, representing a <strong>47.6% year-on-year increase<\/strong>. Land-based casinos contributed <strong>KGS 422.7 million<\/strong>; slot machines and simulators, <strong>KGS 13.9 million<\/strong>; betting operations, <strong>KGS 4 million<\/strong>; and online casinos, <strong>KGS 2.8 million<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-3.jpeg\" alt=\"\" class=\"wp-image-19703\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-3.jpeg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-3-150x150.jpeg 150w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-3-300x300.jpeg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The government projects annual gambling tax revenue of <strong>KGS 600 million from 2027 through 2029<\/strong>, compared with the <strong>KGS 500 million target for 2026<\/strong>. The proposed legislation also includes measures to combat fraud, money laundering, and terrorist financing. <strong>Specific fines, sanctioned platforms, and an effective date have not yet been confirmed<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bishkek, November 1, 2026. The Parliament of Kyrgyzstan (Jogorku Kenesh) is advancing legislation to ban binary options as a form of gambling, restrict their advertising, and introduce criminal penalties against illegal lotteries. The bill received approval at its second-reading stage within the relevant parliamentary committee on October 27, 2026.<\/p>\n","protected":false},"author":1,"featured_media":19699,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2323,1488,57,4495,5229,31,1426,102,585,105],"class_list":["post-19698","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-asia","tag-ban","tag-casinos","tag-crypto","tag-kyrgyzstan","tag-lotteries","tag-lottery","tag-online-betting","tag-online-gambling","tag-sports-betting","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kyrgyzstan moves to ban binary options as gambling - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Bishkek, November 1, 2026. The Parliament of Kyrgyzstan (Jogorku Kenesh) is advancing legislation to ban binary options as a form of gambling, restrict their advertising, and introduce criminal penalties against illegal lotteries. The bill received approval at its second-reading stage within the relevant parliamentary committee on October 27, 2026.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/kyrgyzstan-moves-to-ban-binary-options-as-gambling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kyrgyzstan moves to ban binary options as gambling - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Bishkek, November 1, 2026. The Parliament of Kyrgyzstan (Jogorku Kenesh) is advancing legislation to ban binary options as a form of gambling, restrict their advertising, and introduce criminal penalties against illegal lotteries. 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The Parliament of Kyrgyzstan (Jogorku Kenesh) is advancing legislation to ban binary options as a form of gambling, restrict their advertising, and introduce criminal penalties against illegal lotteries. 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