Scout Gaming has signed a licensing contract with India based fantasy sports Co. Playsafe Games Pvt Ltd that will see India’s largest sports Website and App, “Scoring 11”, obtain its entire product offering and work in camaraderie with the same genres of the company as Indiabet.com, said a press release this Sunday.
Indiabet.com is controlled by the famous Sports Gaming UK and holds a major share in Scoring 11, which is also foresaid to be a significant component of the global liquidity chain of Scout Gaming and Playsafe Games Pvt Ltd. IndiaBet is owned in the South Asian countries by business tycoon Harshit Mehta, who holds majority stakes in Playsafe Games Pvt Ltd. The current agreement is on the heels of Scout Gaming’s release of the latest fantasy sports entertainment, VM Manager in winter sports for a Norwegian government-owned radio and telecommunications public broadcasting company, and the largest media organization in the Scandinavian country.
This is the third customer agreement Scout Gaming signs where the collaborator is required to have a vital hold over the Indian fantasy sports market that is proliferating. Cricket is considered a huge sport in India and the management sees a prospect in utilizing and continuing to develop the liquidity network that has been established. This means that further in the run, larger prize money and bonuses and a more attractive outcome.
In India, fantasy sports is considered to be a skill-testing game and is therefore, legal. However, the Government of India did not give a clear-cut acknowledgment to the question on the legality of fantasy sports and the proposition to regulate it. This query was raised in the Indian Parliament Lok Sabha Session by Telangana Rashtriya Samiti (TRS) Party’s MP AP Jithender Reddy.