On July 31, 2026, the National Agency for Project Management (NAPM) issued licenses for betting activities for the first time — to two companies at once. One is well-known outside the country, while the other is a local player. We compare based on facts, not advertising promises.
One and a half years after the formal legalization of betting activities in Uzbekistan on July 31, 2026, the National Agency for Project Management (NAPM) issued the first licenses. Moreover, not to one company, but to two simultaneously.
Olimpbet.uz and Oltinbet.uz are currently the only operators with the official right to accept bets and organize risk-based games online within Uzbekistan. They are fundamentally different players in terms of origin. We explore how they differ and what each brings to the newly opened market.
In Brief: Two Licensed Operators
| Parameter | Value |
|---|---|
| Total legal bookmakers in the country | 2 |
| Date of issuance of the first licenses | July 31, 2026 |
| Regulator | NAPM |
| License validity period | 5 years, until July 30, 2031 |
| Type of licenses for each operator | Two — for betting activities (BF) and for online games (ITO) |
| Who entered the market first | Olimpbet — July 31; Oltinbet — about a week later |
Who is Who: Brand Origins
The legal entity Olimpbet was registered in Uzbekistan on June 2, 2021, in the Chilanzar district of Tashkent — meaning the company was preparing for the market long before the actual issuance of the license. The Olimpbet brand is well-known outside Uzbekistan: in Russia, it is the sixth largest bookmaker by revenue, in Kazakhstan — a regular award winner in the industry and one of the market leaders. The company is also present in Kyrgyzstan and Azerbaijan.
The operator Oltinbet.uz is represented by the company Aurum Vale. Unlike Olimpbet, industry media directly characterize Oltinbet as a local company, not an international brand with a history in other CIS countries. This is the first case where a Uzbek player receives a NAPM license to organize betting and games alongside an already known international operator.
Licenses: What They Have in Common
From a formal standpoint, Olimpbet and Oltinbet are in absolutely equal conditions. Both received licenses on the same day — July 31, 2026, based on NAPM orders No. 62–65 dated July 27. Both operators have two permits: for betting activities (BF) and for organizing risk-based games online (ITO), meaning both entered both the betting and online gaming segments simultaneously.
Both licenses are valid for five years — until July 30, 2031. The only difference is in the numbers: Olimpbet has BF No. 001 and ITO No. 001, while Oltinbet has BF No. 002 and ITO No. 002, which simply reflects the order of document processing by NAPM, not any superiority of one operator over the other.
Fact-Based Comparison
| Criterion | Olimpbet.uz | Oltinbet.uz |
|---|---|---|
| Operator | Olimpbet (international brand) | Aurum Vale (local company) |
| Legal entity registration in Uzbekistan | June 2, 2021, Tashkent | Data in public registries not yet confirmed in detail |
| BF license number | No. 001 | No. 002 |
| ITO license number | No. 001 | No. 002 |
| Date of launch for accepting bets | July 31, 2026 | ~a week later (early August) |
| Brand experience in other countries | Russia (top-6 by revenue), Kazakhstan (leader), Kyrgyzstan, Azerbaijan | New brand, specific to the Uzbek market |
| Areas of activity | Betting + online games | Betting + online games |
| Player winnings tax | Not charged (benefit for licensed operators) | Not charged (benefit for licensed operators) |
| Operator turnover tax | 4% of gross income | 4% of gross income |
| License validity period | Until 30.07.2031 | Until 30.07.2031 |
The key takeaway from the table: the tax conditions and regulatory requirements for both operators are established by law equally — the state does not create advantages for either the international brand or the local player. The difference between them lies not in legal status, but in origin, reputation, and experience in other markets.
What Cannot Be Honestly Compared Yet
We deliberately do not provide a comparison of bonuses, margins, or user experience: any such figures now would either be taken from foreign versions of these same brands (Olimpbet in Kazakhstan or Russia) or based on the advertising materials of the operators themselves — rather than on independently verified experiences specifically in the Uzbek market. This distinguishes this material from typical "top lists" that present preliminary promises as facts.
```htmlWhat the presence of choice means for the player
Until July 31, 2026, the Uzbek player had no legal alternatives at all — only offshore operators like Mostbet, 1xBet, Linebet, 1win, and Pin-Up, which do not have Uzbek licenses. Now there is a choice, consisting of two fundamentally different offerings:
- Olimpbet — a bet on a proven brand with a history in other CIS markets, but without its own reputation specifically in Uzbekistan;
- Oltinbet — a bet on a local player who is building the market from scratch along with the country, but currently has no operational history in any market.
Both options are legally equal: the same NAPP license, the same protection of winnings from tax, and the same regulator that can take action in case of violations.
What will happen next
- Will a third licensed operator appear in the coming months;
- How quickly will enough reviews accumulate to compare operators based on real payout and support experiences;
- Will Olimpbet transfer its bonus policy developments from Kazakhstan and Russia to Uzbekistan;
- Can Oltinbet, as a local player, compete with the resources of an international brand;
- How will the regulator respond to the first user complaints, if they arise.
Conclusion
Olimpbet.uz and Oltinbet.uz — currently the only two legal bookmakers in Uzbekistan, and from a legal standpoint, they are on equal footing: identical licenses, identical tax regimes, identical five-year permit durations.
The difference between them lies in their origins. Olimpbet enters the market with years of experience and reputation in Russia, Kazakhstan, and other countries in the region. Oltinbet — a local company that begins its operational history simultaneously with the market itself.
For the player, this means one thing: there is now a choice between two legal options, but it is still too early to definitively judge which one is better based on real experience — both platforms simply have not had enough time to prove themselves.
Frequently Asked Questions
How many legal bookmakers are currently operating in Uzbekistan?
Two — Olimpbet.uz and Oltinbet.uz, which received NAPP licenses on July 31, 2026.
How does Olimpbet differ from Oltinbet?
The main difference lies in their origins: Olimpbet is an international brand with experience in Russia, Kazakhstan, Kyrgyzstan, and Azerbaijan, while Oltinbet is a local Uzbek company (operator Aurum Vale).
Who has better conditions — taxes, license?
The formal conditions are identical: both operators pay a 4% turnover tax, both exempt player winnings from personal income tax, and both licenses are valid until July 30, 2031.
Who started operations earlier?
Olimpbet — on July 31, 2026, the day the license was issued. Oltinbet launched about a week later.
Can we currently say which operator has better odds or payouts?
No, both operators have been operating in the Uzbek market for too short a time to make justified conclusions about the quality of service on local platforms.
Are winnings at Olimpbet.uz or Oltinbet.uz taxed?
No. Winnings of individuals from operators licensed by NAPP are exempt from personal income tax under Uzbek legislation.
Is there a difference in licensing requirements between local and international operators?
No. NAPP imposes the same requirements for capital, reserve funds, and taxes regardless of the company's origin — the founder must only be a legal entity-resident of Uzbekistan.
Will there be more legal bookmakers in Uzbekistan?
There are currently no official announcements regarding new licenses; the high entry threshold (capital, reserve fund, annual fee) makes rapid expansion of the number of operators unlikely in the near future.
Sources
- Registry of licenses of the National Agency for Prospective Projects (NAPP), July-August 2026
- UzDaily.uz — «NAPP issued the first licenses to betting companies», August 2026
- Metaratings.ru — materials on the launch of Olimpbet and Oltinbet in the Uzbek market, August 2026
- Sports.ru — betting industry, chronicle of the launch of legal operators, August 2026
This material was prepared by BET RATING based on the NAPP license registry and open publications from industry media as of August 2026. The operating conditions of the operators may change as the market develops; comparisons of service quality will be supplemented after sufficient independent data has been accumulated.
Gambling is associated with the risk of losing money.
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