Parimatch Completes the Franchise Withdrawal from Russia on Legal and Technical Levels

This is not a rebranding or restyling – the Russia is “unplugged” from the Parimatch software and cannot use the Parimatch brand on any platforms and in any format.

Parimatch Completes the Franchise Withdrawal from Russia on Legal and Technical Levels

This is not a rebranding or restyling – the Russia is “unplugged” from the Parimatch software and cannot use the Parimatch brand on any platforms and in any format.

Parimatch Completes the Franchise Withdrawal from Russia on Legal and Technical Levels

This is not a rebranding or restyling – the Russia is “unplugged” from the Parimatch software and cannot use the Parimatch brand on any platforms and in any format.

Parimatch Completes the Franchise Withdrawal from Russia on Legal and Technical Levels

This is not a rebranding or restyling – the Russia is “unplugged” from the Parimatch software and cannot use the Parimatch brand on any platforms and in any format.

Events

Parimatch Completes the Franchise Withdrawal from Russia on Legal and Technical Levels

Any cooperation with Russia is stopped. This is not a rebranding or restyling – the Russia is “unplugged” from the Parimatch software and cannot use the Parimatch brand on any platforms and in any format.

As at March 23, after comparing all necessary legal proceedings and technical aspects, the Parimatch franchise left the Russian market for good.

This means that the Russia has been banned from using the Parimatch advertising materials, symbols, colours, global ambassadors, and slogans. This also means that using the Parimatch branding is prohibited for all local ambassadors, too. Moreover, Russia has been shut down from all the Parimatch Tech holding’s general and exclusive tech solutions. Thus, the Parimatch platform in Russia is not operational.

“The war that Russia started against the Ukrainian people and state made it unacceptable for us to use the brand and tech solutions in Russia. We stopped the support of all processes on operational and technical levels, and we withdrew the Parimatch brand. ” — says Roman Syrotian, co-CEO at Parimatch Tech.

Back in February, the Supervisory board of Parimatch Tech holding company decided to withdraw the franchise from Russia because of the full-scale military invasion into Ukraine. The process of brand withdrawal from the market began on March 1, 2022. This was preceded by gathering the necessary set of documents and directing it to the Betring LLC, which used the Parimatch trademark to operate under a franchise deal.

“The board’s decision to leave the Russian market implemented on all levels. From here on out, any presence of the Parimatch brand in Russia will be considered as a violation of the intellectual property. This is not a rebranding or restyling. This is a complete shutdown from the franchise. We have no ties or connections to any further Betring LLC activities.” — comments Maksym Liashko, co-CEO at Parimatch Tech.

Parimatch Ukraine is the official representative of the Parimatch brand in Ukraine and a partner of Parimatch Tech. In 2021, we became the first licensed online betting company in Ukraine. We have always been proud of the Ukrainian roots of our company, and we strongly condemn the military aggression against Ukraine.

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