1. Eligibility and Account Rules
Legal Age: You must be at least 18 years old (or the legal age for gambling in your jurisdiction).
Single Account: Users are strictly prohibited from holding multiple accounts. If detected, all accounts may be frozen and funds confiscated.
Account Security: You are solely responsible for keeping your username and password confidential. Any bets placed through your account are considered valid.
2. Betting and Exchange Rules
Finality of Bets: Once a bet is placed and confirmed, it cannot be canceled or changed by the user.
Market Errors: The platform reserves the right to void bets if there is an obvious error in the odds (palpable error) or if a market was left open after an event started.
Settlement: Bets are settled based on the official results provided by the governing body of the sport.
3. Deposits and Withdrawals
Verification (KYC): To withdraw funds, you may be required to provide identification (Aadhar, PAN, or Passport) to comply with Anti-Money Laundering (AML) policies.
Third-Party Payments: Deposits must come from an account/wallet in the same name as the registered Satsport user. Payments from friends or family are usually rejected.
Processing Times: While deposits are often instant, withdrawals are subject to a review period (typically 24–48 hours).
4. Prohibited Conduct
Fraudulent Activity: Using “bots,” automated software, or exploiting software glitches is strictly forbidden.
Syndicate Betting: Users found to be working in a group to manipulate markets or bypass limits will have their accounts terminated.
Money Laundering: Using the platform to move money without actual betting intent is a violation of the terms.
5. Bonuses and Promotions
Wagering Requirements: Most bonuses come with “rollover” requirements (e.g., you must bet 5x the bonus amount before withdrawing).
Expiration: Bonuses typically have an expiry date (often 7–30 days).