Bet365 bids farewell to India - alternative websites available
With Bet365 pulling out of India, you can instead bet at 1x Bet, who are offering a 100% welcome offer bonus of up to 8,000 INR for Indian customers.
Yes, India’s strict new legislation has claimed yet another powerhouse online bookmaker. Bet365 from England has joined industry giants like Betway India in withdrawing its services from India completely.
In a series of governmental moves, it seems India is making life truly unbearable for all the big names in the betting industry.
Indian bettors with Bet365 accounts are being advised to withdraw any funds from their accounts, while Bet365 themselves are saying that yes, this is a permanent embargo. Bettors are desperately looking for new platforms, but since the new laws from India’s Ministry of Home Affairs affect any international sports betting company, the odds aren’t in their favor!
From an app ban earlier this year to the October 1st tax hike stripping 28% of profits from online sportsbooks, it’s not all that surprising.
Some states have even gone as far as to declare online betting is now a punishable offense.
But the question on all our lips here at THESPIKE’s newsroom is (surprise surprise), how will this affect the future of competitive VALORANT?
Like Betway, Bet365 users have been able to place bets on a bunch of esports arenas, from Counter-Strike to League of Legends and, of course, our beloved VALORANT.
Many of these bookmakers have also long been financial sponsors of esports events and teams.
And now we can’t help but wonder – with the loss of such a huge chunk of revenue from India, will they cut back… or double down?
Is Bet365 legal in India?
Bet365 is still technically legal, but the online sportsbook has removed all its services from India as of October 2023.
Who owns Bet365?
Bet365 was founded in Stoke-0n-Trent, UK, by the Coates siblings. Today, Denise Coates is still the CEO and majority shareholder.
Is Bet365 safe?
You bet it is! Bet365 is a globally trusted and respected bookmaker, renowned for being a safe and secure gaming operator.
How do I claim a welcome bonus on Bet365?
Just create a new account and you’ll receive a free bet as your welcome bonus. Bet365’s bonuses don’t stop there though, they offer regular Bet Boosts and free bet promotions to their loyal users.
What’s the Bet365 payout process like?
You’ll receive your payouts in anywhere from 3 to 5 working days, depending on the withdrawal method you choose.
For all information about the VCT 2023, check out our VCT Hub. There you will find our FAQ to answer all of your questions and details about the teams, different Leagues, and more.