Online payments and gambling operators on the run in India

19 Nov 2018

online payments indiaAs it seems, India has a zero-tolerance policy towards foreign bookmakers. This is clearly evident from recent events as the All India Gaming Federation has asked the Prime Minister to block the transactions between the local players and offshore betting operators. To be more precise, the AIGF has asked the Prime Minister to make use of the Enforcement Directorate, in order to prevent foreign bookies from getting a grip on the Indian market.

Moreover, the Federation turned their fire towards 9 gambling operators, among them 1xbet, Betfair.com, BodogIndia.com, and Jeetwin.com. All the above accept bets from the Indian players and as the Federation stated, the citizens "are lured to the addiction and the risk of gambling", something that should be immediately stopped.

In addition, they told that those gambling companies are breaking the law, according to which, the citizens of the country are not permitted to gamble. And not only that, after the Federation continued stating that the above bookmakers violate the Foreign Exchange Management Act and the Prevention of Money Laundering Act from the time they accept payments from the Indian players. In a few words, what AIGF wants most, is to oust foreign bookmakers from the Indian market. And that is what their conclusion was since they urged the government to legalize and regulate land-based and online sports betting by “Indian-licensed operators from India.”.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS