Rakishev is a strong supporter of sport development in Kazakhstan. In 2004 he became Vice President of the National Sports Association of Kazakhstan, and in 2009 he was elected Head of the Kazakhstan Boxing Federation’s Almaty city branch. The following year, he was elected Vice President of the whole Federation. In 2011, Rakishev became Vice President of the Asian Boxing Federation. Through SAT & Company, he officially sponsored the Kazakh Federation for Professional Boxing, the Kazakh Football Federation and Rapid Chess World Championship hosted by the Kazakhstan’s capital, Astana, in 2012.
In the same year, Rakishev became President of the Kazakhstan Judo Federation. During his tenure as the President, for the first time in its history Astana hosted the World Judo Championship in 2015. Rakishev also allocated more than $2.5 million of his personal funds to build the modern Judo Academy in Almaty.