With the recent exit of Kenyan leading betting companies such as Betin and SportPesa, there’s a soaring concern over the future of sports betting in this African country. Now Kenyans are searching for a good replacement.
On Saturday, SportPesa, the betting giant in the country told it ceased its operations in Kenya, while Betin hinted at the necessity to fire part of its redundant staff due to a fierce regulatory environment and hostile taxation.
In April, a major clampdown on betting operators in this African country was started by Fred Matiang’I, the Interior CS. The initiative had to do with tax compliance. It was expected to regulate the soaring betting industry.
Within the initiative, Betika, BetLion, and Odibets turn out to be amid ten companies that have implemented new regulations on the withholding of user winnings at the rate of about 20% just to adhere by the Kenya Revenue Authority tax requirements.
Aggrey Sayi, the OdiBets Country marketing manager told that their customer will receive up to 80% of their potential gains.
Betting experts have uncovered major factors a gambler needs to take into account when selecting an online resource and also offered a list of trustworthy betting companies for you.
Experts advised gamblers to stick only with licensed betting companies. They need to have a corresponding license from the government to run their operations in Kenya.
It’s also recommended for users to check the terms on offers as well as promotions of the betting company they are interested in. Moreover, users need to compare the bonus amount, requirements, turnover as well as minimum odds of various welcome bonuses from the different betting companies working in Kenya.
Besides this, they should assess their customer service since it’s a distinctive feature of a responsive approach to what they are doing.