Betfair exits India

In a letter to Indian customers, Betfair reportedly advised it would cease operations in the market from January 28, 2019 but refrained from offering any explanation of the decision.

Betfair was picked out, along with numerous other offshore betting operators, back in November 2018 by the All India Gaming Federation (AIGF) in a letter to India’s Prime Minister Modi.

The AIGF asked for an investigation into illegal offshore operators whom it claimed were in contravention of the country’s Foreign Exchange Management Act and the Prevention of Money Laundering Act.

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