On August 1st, Soft2Bet, a flagship iGaming supplier based in Malta, revealed that it has officially received a B2B (A1) license in Greece that will last for the next 7 years. In addition, this comes on the heels of the company’s recent purchase of a Greek B2C license and represents an important step in Soft2Bet’s progressive extension and devotion to offer exceptional gaming experiences to players in European regulated markets.
New B2B (A1) license:
The aforementioned A1 license allows the provider to offer its wagering platform and gaming platform services as well as games to licensed Greek B2C operators in the digital gaming ecosystem in Greece. In addition, by securing this new license, the firm demonstrates that it adheres to global regulatory standards and is capable of operating in correspondence with legal parameters. But that’s not all; as it also shows commitment to set up its business in the Greek market for the long term and shows the firm’s plan to provide top-notch services to local players.
In this regard, when commenting on the new license, David Yatom, General Counsel of Soft2Bet, said: “Obtaining this license was a collaborative endeavor. Our interaction with the HGC exemplifies the best of partnerships. This license is another testament to Soft2Bet’s commitment to expand to further markets and ensuring our continued growth. It represents a significant milestone in a series of remarkable achievements Soft2Bet has accomplished in recent months.”
As Soft2Bet continues to focus on strengthening it position as a flagship player in the industry, the firm stays committed to improving its technology service offering.
About:
Founded in 2016 and situated in Malta, Soft2Bet is an international iGaming operator with further offices in Cyprus and Bulgaria. The core area for the company is white label and other similar content aggregator services, for which it has received many awards. The company offers a variety of solutions, from turnkey and white-label to different degrees of integration.
The games can be divided into two platforms: the casino and sports betting. The company doesn’t produce any games of its own in either case. Instead, they offer an extensive list of games from their countless partners. Here are a few highlights of what is currently available for interested online casinos:
- Over 400 live tables of all sorts.
- 120 different game providers
- 400 progressive jackpots
- Over 8500 other casino games
- 250 table games
- 60 sports with hundreds of thousands of events
- E-sports and Virtual sports
Gamification is one of the main driving purposes of the platform.
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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