Fantasy sports have gained immense popularity in India, and obtaining a proper license is crucial for operating legally. The fantasy sports industry in India is regulated by various state governments, and operators must comply with specific guidelines to ensure fair play and user protection.
In India, fantasy sports platforms are required to obtain licenses from state authorities where they operate. For example, states like Maharashtra, Karnataka, and Tamil Nadu have their own regulatory frameworks. The license ensures that the platform adheres to rules regarding game integrity, data privacy, and financial transactions.
Indian fantasy sports products often include cricket, football, and kabaddi, catering to the local sports culture. These platforms must implement robust age verification systems to prevent underage participation and use secure payment gateways for deposits and withdrawals.
To apply for a fantasy sports license in India, operators need to submit detailed business plans, security measures, and compliance certificates. The process may vary by state, but generally involves fees, background checks, and periodic audits to maintain the license. |
