What Does the License Give to a Bookmaker?
Betting is a very popular form of gambling around the world and in India. The demand for bookmaker’s services is ever increasing and brings in scammers in this field, especially on the internet. A company that is licensed and complies with its terms and conditions confirms that it is legal and adheres to the principles of fair play. It also receives additional loyalty from new players. Bettors understand that such a bookmaker is regulated, which means that the likelihood of fraud is extremely low. Thus, the license is a kind of seal of approval, which is important both for the betting office and for the players who prefer to make money in cricket betting.
The Licenses of Our Bookmakers
Absolutely every bookmaker listed on our website is licensed. Each of them has its own unique number. The bookmakers constantly apply for an updated licence and confirm that they meet all the requirements for obtaining one. To do this they need to:
- Use secure payment gateways;
- Have transparent terms and conditions of use, which are available for every user to read;
- Actively work to combat fraud and money laundering;
- Have a responsible approach to fair play rules.
In the table below you can see the licenses held by the bookmakers in India that we host.
|Name||Type of Licenses||№ Licenses|
|Parimatch||Curacao Gaming License||No. 1668 / JAZ|
|Melbet||Curacao Gaming License||No. 8048/JAZ2020-060|
|Betway||UK Gambling Commission / Malta Gaming Authority||No. 000-039372-R-319367|
|4rabet||Curacao Gaming License||No. 8048/JAZ|
|1Win||Curacao Gaming License||No. 8048/JAZ2018-040|
|1xbet||Curacao Gaming License||No. 1668/JAZ|
|Mostbet||Curacao Gaming License||No. 8048/JAZ2016-065|
|Dafabet||Curacao Gaming License||No. 8048/JAZ|
|Bet365||Malta Gaming Authority||No. MGA/CRP/531/2018|
|10cric||Curacao Gaming License||No. 1668/JAZ|
|BetWinner||Curacao Gaming License||No. 8048/JAZ|
|Casumo||Malta Gaming Authority||No. MGA/CRP/217/2012/05|
|Fun88||Philippine Amusement & Gaming Corporation||No. 18-0015|
|888sport||Malta Gaming Authority||No. MGA/CRP/543/2018|
|LeoVegas||Malta Gaming Authority||No. MGA/CRP/237/2013|
|Betmaster||Curacao Gaming License||No. 1668/JAZ|
|Campobet||Curacao Gaming License||No. 8048/JAZ2016-064|
|ComeOn||Malta Gaming Authority||No. MGA/CRP/178/2009|
|Unibet||Malta Gaming Authority||No. MGA/B2C/106/2000|
|William Hill||UK Gambling CommissionMalta Gaming Authority||No. 39225MGA/CRP/121/2006-01|
As you may have realised, there are several types of licence, but they all have one key function that is important to players – to regulate the betting shop and check it for compliance with fair play and gambling-related jurisdictions. So, if the bookmaker has a licence, you can trust it with your money, but if it doesn’t, you run a high risk of losing your money.
Curacao Gaming License
It is one of the most popular and well-known gambling licences in the world. The organisation has been issuing licences since 2015 and actively monitors all the nuances of the jurisdiction to ensure that the activities carried out by the bookmaker in a particular region are legal. When a bookmaker wants to enter new regions, it can approach Curacao who will check its activities for compliance with local laws and can issue a license confirming that the betting company does not violate them. If the bookmaker has this license, then you can safely trust it with your money and know that your betting is legal.
Malta Gaming Authority
This is the Maltese supervisory authority that regulates gambling activities, including sports betting, casinos and lotteries. The Lotteries and Other Games Act, which was issued in 2001 obliges the MGA to regulate and supervise gambling companies. The fact is that gambling is a huge branch of the Maltese economy, so it is very important to the state that the requirements of honesty towards users are respected. The company has almost 7000 employees and their main task is to ensure fairness and transparency of the money games. It is also their job to investigate and prevent money laundering and other fraudulent transactions.
UK Gambling Commission
It is the official regulator of gambling houses and betting companies. It requires that the activities be carried out in accordance with the provisions of the law. Sports betting is regulated by the Sports Betting Intelligence Unit, which was established in 2010. It checks betting companies and insures bettors against possible fraudulent activities. Moreover, the SBIU collects information on possible corrupt activities related to sports matches in order to keep bettors’ bets as safe as possible. SBIU is part of the Sports Betting Integrity Forum (SBIF). In order to obtain a licence, a bookmaker must comply with the principles of fair play.
Philippine Amusement & Gaming Corporation
The Philippine Amusement and Gaming Corporation (PAGCOR) was created in 1869 by presidential decree in the Philippines. It is the main regulatory body that oversees gaming pools and casinos in the country. More than 11,000 employees are involved in managing gambling, issuing licenses and entering into joint contracts with major betting companies.