King Exchange | How to Spot Illegal Betting Sites in India

Go back to the pre-pandemic days and you will barely find any mention of a cricket betting site in India. Betting was still considered a taboo and India’s technology infrastructure had not caught up to the rest of the world. However, India of today is a completely different country. Internet is now available to nearly all parts of India and the prices of handsets have been on the decline allowing consumers of all income groups to make full use of the different applications. Online betting is one such industry that has seen a meteoric rise in punters. While being locked up inside their homes, Indians were forced to find ways to entertain themselves and while some turned to streaming services such as Netflix and Disney Plus, others went the way of online gambling.

Offshore companies were quick to jump on the bandwagon and started putting a good amount of resources in tailoring their product to the Indian audience. This started off with localising the language and allowing players to place bets in Indian rupees. To further facilitate this process, the bookmakers offered local payment methods such as UPI and Netbanking. The ability to deposit and withdraw funds via these methods was a great help to the players.

Furthermore, the bookmakers and online casinos began to offer localised games such as Teen Patti and Andar Bahar. Live casino games were added to the mix which meant that players could interact with other punters and casino dealers. This replicated the ambiance of a brick and mortar casino which was welcomed by gamblers who were unable to travel to their favourite land based casinos due to the pandemic.

Last but not least, these operators made sure that their customer support department was bolstered with native speakers who could understand and respond accordingly to customer queries. While these were just some of the steps that were being taken by these offshore companies, it also gave impetus to shady outfits such as King Exchange to lure players onto their platforms. On the face of it, King Exchange looks similar to any other operator. They have a good supply of both casino games and betting options. More importantly they cover major cricket events such as IPL which is no doubt what the Indian punters are looking to bet on. However, it is only when you try to deposit that things start to look a bit fishy.

For starters, there is no option available for you to input the funds yourself. Unlike other legit betting platforms where you can deposit funds using the payment methods mentioned above, at King Exchange you are required to contact a representative and transfer funds onto his account. Once the funds are delivered to the said person, they will then be reflected into your account after some time. The same story goes for withdrawals. Should you be lucky enough to win, you will have to contact the said representative and request for your money. Now the downside to this is that the representative can run away with your funds at any given moment in time and there will be nothing that you could do about it.

This is what brings us to the biggest problem with betting sites like King Exchange. King Exchange operate under illegal circumstances and are therefore answerable to no one. They are not licensed which means the playing conditions might not be safe or fair for the punter. With the offshore companies coming into India, all of them are licensed by MGA, Curacao or UKGC. It is fairly difficult to get a license from these organisations and the bookmaker or online casino is required to jump through several hoops to get them. This also includes paying a hefty financial sum to get the license and also ensuring that several checks are in place for anti money laundering and responsible gambling. Essentially these offshore bookmakers make it highly convenient and safe for you to place bets on their site.

This is why in our opinion you should stay away from these exchanges and instead focus on legal gambling sites.