Olimpbet Takes 9.5% of Uzbekistan’s Gambling Search Demand

The rise came while interest in gambling across Uzbekistan was falling. In its October 20 report, Blask recorded a fourteenfold increase in Olimpbet’s search-based index. The national index fell 7% over the same month.

Licensed Demand Rises From 0.6% to 9.5%

August brought little movement for Uzbekistan’s newly licensed bookmakers. Together, they held just 0.6% of demand measured by Blask Index.

That changed in September. Licensed brands reached 9.5%, with Olimpbet accounting for almost the entire increase. The bookmaker moved ahead of Mostbet and 1win in the September rankings. It took third place behind 1xBet and Pin Up, although its position by projected earnings was considerably lower.

Oltinbet, the country’s other licensed brand, showed almost no measurable demand. Its presence in the regulated market has yet to produce a comparable rise in visibility.

9.5% of Demand and 2.35% of Projected Revenue

Olimpbet’s Competitive Earning Baseline (CEB), Blask’s modelled revenue estimate, increased from $0.05 million in August to $0.47 million in September. That moved the bookmaker from 32nd to ninth place by CEB. The increase was 9.4-fold, compared with the fourteenfold jump in its search-based index.

Blask estimated Uzbekistan’s total September CEB at $20 million. Using that figure, 15M calculates:

• Olimpbet’s share of measured demand – approximately 9.5%;
• Its share of nationwide projected CEB – 2.35%;
• Difference – approximately 7.15 percentage points.

For comparison, 1xBet alone accounted for $5.7 million of the September CEB estimate, about 12 times Olimpbet’s figure.

Blask Index measures interest in gambling brands, while CEB estimates their earning potential. Together, the indicators show how quickly Olimpbet’s visibility has developed relative to its position in the projected revenue rankings.

Four Licenses Issued to Two Uzbek Operators

Uzbekistan’s National Agency for Prospective Projects (NAPP) lists four licenses issued on July 31, 2026. Two belong to Olimpbet LLC, with the registered domain olimpbet.uz. The other two belong to Aurum Vale LLC, which operates oltinbet.uz.

The licenses cover two separate activity categories for each company. They represent approvals for two bookmakers rather than four independent operators. 15M reported on these first licenses in August, when Uzbekistan also approved Gaming Laboratories International as an accepted testing laboratory.

September’s rankings reveal two different gaps. Olimpbet is already third in search demand but ninth by projected earnings, while Oltinbet has barely registered in Blask’s data. For affiliates tracking Uzbekistan, the early shift in demand is concentrated in one licensed brand rather than spread across the regulated segment.