Betway, a betting platform, has opted out of operations in India due to regulatory issues and problems in financial transactions with Indian banks.
Betway banned and is no longer accepting players from India.
In this article, we shall dissect the reasons for Betway’s exit from the Indian market and offer you the best alternative to start playing again! So, let’s get started quickly!
Why Betway Took An Exit From The Indian Market?
Betway initially prospered in the Indian market by offering extensive sports betting and casino gaming options. That said, it faced some serious challenges because of the intricate and diverse nature of India’s regulatory environment for online gaming.
The differences in state laws concerning online gambling—from toleration to rigid prohibitions—were a major operational problem for Betway. The situation was made even worse by a 28% Goods and Services Tax imposed on gambling services that made it almost impossible to continue to operate in the market.
In addition, Betway had to overcome strict banking regulations designed to prevent money laundering and promote responsible gambling. These rules necessitated lengthy verification procedures, a common cause of financial transaction delays for Betway and its players. Having faced these regulatory and financial challenges, Betway abandoned the Indian market.
Currently, the company has stopped offering its services in India, leading many of its loyal customers to other online betting platforms.
The withdrawal represents a major change in the online betting industry in India and shows the dilemmas international companies face in fluctuating regulatory and economic environments.
Which is The Best Alternative To Betway?
With so many betting websites online in India, Fun88 stands out as one of the top choices. But why? Let’s find out!
Lots of Sporting Activities
Fun88 is unique with its wide range of sports betting games that cater to different preferences, such as cricket, football, tennis, and others. This website provides competitive odds for bettors in India, enabling them to bet on their favourite teams and players conveniently.
Diverse Casino Gaming Options
Fun88 is a place of options for all casino lovers. With fun slot machines and timeless table games such as roulette and blackjack, every casino fan is catered for. The platform also offers live casino choices, which bring the vibrancy of a casino floor directly to your screen.
Engaging Promotions and Bonuses
Appreciating the power of bonuses and promotions in improving the betting experience, Fun88 provides exciting welcome bonuses and ongoing promotions. These promotions are created to enhance your gaming experience and obtain more value.
Seamless User Experience
With an emphasis on user comfort, Fun88 has created an easy-to-use interface that can be accessed through the website and mobile app. This layout guarantees bettors can use the site easily and place the bet without obstacles.
Conclusion
Since Betway India left the market, Indian bettors have been forced to look for other platforms that suit their betting needs and requirements. Fun88 is an attractive alternative, providing various sports betting options, various casino games, and a customer-oriented betting platform backed by strong customer support.
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