Online gambling and betting offers: financial and legal risks

Social media and messaging applications may carry promises of “quick wealth”, “guaranteed winnings” or “bets with certain results”. Such offers can appeal to young people seeking additional income. However, treating gambling as a regular source of earnings can lead to financial losses and debt. Images of other people’s winnings do not guarantee a profit for anyone else.

A major risk is trying to recover losses through further betting. The belief that “one more attempt will cover everything” can increase spending. Gambling with money intended for tuition, rent, food or family needs can harm everyday life. Betting with borrowed money or credit adds an obligation to repay the debt regardless of the outcome.

Uzbekistan has established a legal framework for this activity. Under Presidential Decree No. UP-68 of 19 April 2024, the organisation of online games based on risk and bookmaking activities has been permitted under a licensing system since 1 January 2025. This does not make every website or social media offer lawful. Participation by minors and other categories restricted under the legislation is prohibited.

An advertisement or an image of a supposed licence is insufficient to establish an operator’s legality. The licence, its current status and the relevant domain should be checked against official information from the National Agency of Perspective Projects. A claim to hold a foreign licence does not, by itself, establish compliance with Uzbekistan’s requirements. A licence also does not make gambling financially safe or profitable.

Fake platforms and intermediaries create additional risks. Requests to “pay more to withdraw winnings”, “send money to a personal card to open an account” or “hand over your account so we can make a profit” require careful scrutiny. Never disclose banking passwords, SMS verification codes or account credentials. Collecting other people’s money, providing a bank card for intermediary transactions or helping organise unlawful activities may have legal consequences.

If deception is suspected, stop sending additional money. Preserve correspondence, payment receipts, account details and transaction records. Contact the bank where funds are at risk, the internal affairs authorities where fraud is suspected, and the competent agency for licensing matters. Whether money can be recovered depends on the circumstances and the measures taken.

If stopping becomes difficult, spending is concealed or borrowing begins to fund betting, seek support promptly. A trusted person, the institute’s psychologist or an appropriate specialist can help. Supporting students and employees without blame, improving financial awareness and avoiding the circulation of suspicious offers are important preventive measures.