Four Reasons why you should play on a Licensed Betting Site
When choosing an online betting platform, it is crucial to ensure it is licensed by a well-known and reputable authority in the industry. This article discusses the top reasons why playing on licensed betting sites is important. Read on to learn more.
- What is a Licensed Betting Site?
- Licensed Betting Sites in India
- Are there Betting Sites Licensed in India?
- Do All Legal Betting Sites in India have Licenses?
What is a Licensed Betting Site?
A licensed Gambling Site holds a valid operational license from a government-approved regulator. Having a license shows the credibility, legitimacy, and trustworthiness of bookmakers in their offers.
There are varieties of betting sites in India, and the main way to determine whether they are safe for Indian players is by their licenses. Here is a list of the licensed betting sites in India that have been scrutinized and approved by Bettingsites24.in experts.
Licensed Betting Sites in India
Below are the top four reasons why you should only wager on licensed betting sites in India.
For a bookmaker to be licensed, they must strictly adhere to the online gaming industry rules and regulations. Such betting sites receive licenses from reputable regulators like the Malta Gaming Authority. It is among the most popular authority in the Industry with some strict regulations that must be followed.
Other famous authorities are the UK’s Gambling Commission and the Curacao Gaming Authority. If you join a platform with licenses from such regulators, you will be sure that it is legal and safe for you.
Licensed Betting Sites are Safe
Licensed betting sites ensure that players’ financial and personal data is safe. They undergo regular financial audit by their official regulators. This is done to ensure that the bookmakers adhere to the set laws and does not engage in illegal activities.
Besides that, most licensed platforms utilize high-level security measures to safeguard players’ sensitive data from access by unauthorized parties. One of the commonly used security measures is the SSL encryption technology. It ensures the safe transfer of financial and personal data over the internet to the operator’s server.
Players are allowed to Complain in Licensed Betting Sites.
In case you experience unfair treatment in a licensed betting site, you are free to raise a complaint to the official regulator. For instance, in case you experience some unreasonable delays in your withdrawals, you can launch a complaint against the operator.
Some regulators like the Malta Gaming Authority make it easy to raise your concern. They will always ensure that you are fairly treated according to the set guidelines. That said, licensed betting sites always avoid getting into such trouble by treating their customers in the right way.
Licensed Betting Sites are Real and Registered Companies
Numerous offshore betting sites accept Indian players. Most of them are safe and secure, but some are fraudulent and are only after scamming players in the country. To distinguish between the two, you need to check out whether they hold a valid license.
In essence, licensed betting sites are real companies that are recognized in the industry. They have physical offices, staff, and set values. On the other hand, scam betting sites have no offices and cannot be licensed by official regulators since they do not meet the requirements. Obtaining a license is not easy, which is why licensed betting sites are trustworthy.
Are there Betting Sites Licensed in India?
There is no licensed betting site in India, as the country does not have a licensing system. The offshore betting sites that accept Indian players are licensed by international regulators. We hope that the country will have a local licensing system in the near future. One of the popular and licensed international betting sites is Betway.
Betway is a popular name among online gambling enthusiasts. The operator was established in 2006 and holds a valid license from the Malta Gaming Authority.
Betway is known for offering some of the highest odds in the market, along with enticing bonuses to its new and existing customers. With more than two decades in the industry, this is a secure betting site for Indian players. Click on the link below to join Betway.
Do All Legal Betting Sites in India have Licenses?
Not all legal betting sites in India are licensed. What makes bookmakers legal in India is when they are from outside the country and accept payments via Rupees. If you are ready to start your online betting adventure, we recommend that you join a licensed gambling site.