In India, there are several local products and services that have gained popularity in the sports betting and gaming industry. While Las Vegas-style betting on football involves complex odds calculation and point spreads, Indian platforms have adapted similar concepts to cater to local preferences.
Popular Indian betting platforms like Dream11, MyTeam11, and MPL have revolutionized fantasy sports betting in the country. These platforms allow users to create virtual teams of real football players and earn points based on their actual performance in matches. Unlike traditional Vegas betting where you bet against the house, these Indian platforms operate on a contest format where users compete against each other.
Another local innovation is the use of mobile payment systems like UPI, Paytm, and PhonePe for seamless transactions. Indian betting products also incorporate cricket heavily alongside football, reflecting the country\“s sports preferences. The platforms are designed to be mobile-first, considering India\“s high smartphone penetration rate.
Local regulations have shaped these products significantly. While outright money betting is restricted in many states, fantasy sports platforms operate in a legal gray area by classifying as games of skill rather than chance. This has led to the development of unique betting products that combine international football knowledge with Indian gaming sensibilities. |
