Is Sports Betting Legal in Sri Lanka

Many special websites on the internet regularly publish cricket betting tips that can help players stay up to date with the latest developments and ongoing odds for different markets. While sports betting was already illegal in Sri Lanka, the new rules also prohibit citizens from participating in foreign competitions. Those convicted of match-fixing now face up to 10 years in prison. In 2010, the government overwhelmingly passed the Casino Business Act, which introduced an appropriate legal structure for casinos to attract new foreign investment to the sector. Betting on horse racing and playing the lottery are also considered legal in the country. Today, thanks to betting sites, Lanka fans can bet not only on the results of a cricket match, but also on various other markets such as runs in a PowerPlay, referral method, runs in an over, top scorer of the match, man of the match, etc. With so many betting sites offering live betting options, the possibilities of betting markets are endless. As mentioned earlier, the laws in Sri Lanka are quite lax in terms of implementation, and there are no cases or convictions for online sports betting. However, if you want to keep your betting business discreet, it is advisable to use e-wallets such as Neteller and Skrill to make transactions. Not only are they fast, secure, and easy to use, but they also help you avoid entering betting transactions into your bank or credit card statements. Unibet is a well-known Swedish gambling and sports betting site that also accepts players from Sri Lanka. It is part of a larger Kindred group that also includes many other brands like Stan James, 32Red and iGame. While traditionally betting was only on the outcome of a match or event, online betting has led to the creation of thousands of betting markets.

Betway allows players to bet on markets such as „top scorer“, „both teams two halves“ and over/under betting. Betway also allows players to suggest tailored betting markets as part of the „Bet Your Way“ promotion. 22Bet is a popular reputed bookmaker that offers its services to Sri Lankan players. Apart from a wide range of sports you can bet on; It also allows you to open and keep an LKR account. The site has an excellent in-game betting option where players can withdraw in whole or in part from ongoing events to ensure returns without having to wait for the end of the event. Betting on sports matches hosted by Sri Lanka was already illegal. Under the new law, betting on sporting events around the world will also be illegal. The site offers a large number of sports that you can bet on, including cricket, football, tennis and horse racing, popular tournaments such as the NFL, NBA, Premier League and La Liga. You can also bet on non-sporting events such as politics and reality shows.

Under the new law, it is illegal for people who „provide inside information“ to „intentionally misapply the rules,“ including pitch curators. Former cricketers who introduce corrupt staff to current cricketers are also considered a criminal offence. The website is simple and quite easy to use, even for new users. It also has an excellent in-game betting section, and the site regularly offers innovative features to satisfy its customers. Unibet`s website is headquartered in Malta and operates under license from the Malta Gaming Authority. It began operations in 1997 and has since won several awards, including Sports Betting Operator and Online Poker Operator at the 2020 EGR Nordics Awards. All the bookmakers we list in our review are known worldwide and licensed by the most well-known gambling authorities. Stick to these and enjoy a safe betting experience. There are a few payment methods available for players. First of all, you should know that you will not have any problems when using your bank account or credit/debit cards.

There are no restrictions and online gambling in Sri Lanka is generally not illegal. In addition, e-wallets are always a good solution when you bet online. Since the vast majority of bookmakers do not support Sri Lankan rupee accounts; It`s a good idea to choose the payment method that`s right for you. Sticpay, Skrill, Neteller and Ecopayz all offer their services to Sri Lankans. By using an e-wallet, you can also maintain your anonymity. This could come in handy if the government decides to restrict online gambling or consider it illegal. The newly elected government in 2015 actually did not have a friendly attitude towards gambling. He almost immediately raised taxes as well as casino entrance fees. He even announced contracts for casino complexes that were about to be built. In general, the State seems content to collect fees and taxes from terrestrial operators.

When it comes to online betting, Sri Lanka still doesn`t seem ready to issue licenses or regulate the sector. Compared to most neighboring countries, it is always as friendly as it gets. However, it is unlikely to grow much in the near future, at least in terms of online gambling. Another global sports betting giant that accepts players from Sri Lanka is 888 Holdings.