General Introduction and Ownership
The OKBET website is owned by KINGWIN VENTURES Inc., a company registered in the Philippines. It operates under a license from the Philippine Amusement and Gaming Corporation (PAGCOR). The official website is okbet.com.
Terms and Conditions
These terms form a binding agreement between OKBET and its Account Holders, superseding prior agreements. By engaging with OKBET’s services, Account Holders agree to adhere to these terms. OKBET may modify these terms at any time, with substantial amendments notified in advance.
Definitions
- “OKBET account”: An account for genuine transactions with OKBET.
- “Equipment”: Devices used to access online services.
- “Game”: Online entertainment offered on the website.
- “Software”: Programs enabling access to services via the Internet.
- “Sports betting”: Various online entertainment services provided by the website.
- “Information”: Data provided on the website, like match results and odds.
- “Website”: The online platform at https://okbetph.casino/.
- “Service”: Gaming and betting offers by OKBET to Account Holders.
- “Card”: Payment-related cards.
- “Payment Solution Provider”: Intermediaries for various payment methods.
- “Regulator”: PAGCOR, governing gaming in the Philippines.
- “Financial Institution”: Banks or similar institutions under financial regulations.
- “Client Application”: The web browser for using the Services.
- “Prize”: Rewards winnable by Account Holders.
- “Inactive Account”: An account inactive for over 6 months.
License/Intellectual Property
OKBET owns the software’s coding and structure. Account Holders must not misuse or illegally distribute the software. Any intellectual assets on the website are OKBET’s exclusive property.
Financial Security
OKBET ensures the segregation of customer funds from company funds, safeguarded in accounts with financial institutions.
Account Holder Registration, Access, and Security
Registration grants personal rights to use OKBET’s services. Certain individuals, like government officials, military personnel, and minors, are restricted from using the website. OKBET may require proof of age and reserves the right to suspend accounts not meeting age requirements.
Account Management
OKBET can decline account openings, accept deposits, request identity verification, and manage funds in line with cash management guidelines.
Account Dormancy
Accounts dormant or suspended for over 6 months may incur fees until the balance reaches zero, after which they may be closed.
Betting Rules and Regulations
Bets must comply with game rules and these terms. OKBET reserves the right to refuse bets, correct errors, and cancel bets placed after the start of games. Bets are valid if placed with correct account details and sufficient balance.
Event-specific Rules
Refer to OKBET Sports Betting Game Rules for detailed information.
Transaction Policy
Card names used for transactions must match the account holder’s name. OKBET may refuse transactions if names differ.
Refund Policy
Refunds are considered within 24 hours of the transaction or 30 days in certain cases. Identity verification may be required for refunds.
KYC Policy
OKBET implements a KYC Policy to prevent illegal activities. This includes identity verification, compliance with anti-money laundering laws, and ongoing monitoring.
AML Policy
OKBET adheres to anti-money laundering principles and works to prevent its services from being used for illegal purposes.
Regulatory Compliance
OKBET complies with ethical standards and legal regulations, cooperating with law enforcement when necessary.
Bonus
Bonuses must comply with these terms. OKBET reserves the right to modify or withdraw bonuses and promotional offers.
Disclaimer
OKBET’s liability is limited to stake amounts or net winnings. The website is for entertainment, and OKBET is not responsible for errors or losses due to reliance on website information.
Breach of Agreement and Claim
OKBET may take action against breaches of this agreement. Account holders are responsible for compensating any losses or damages caused to OKBET and its affiliates due to such breaches.
Priority and Governing Law
These terms are governed by the laws of the Philippines. Discrepancies between English and translated versions favor the English version.
Issue Resolution
Complaints should be directed to OKBET’s customer service. Disputes unresolved internally can be referred to independent agencies.
Other Terms
Titles are for reference only. OKBET is not liable for failures due to external factors. Rights and obligations under this agreement cannot be transferred by account holders. This agreement is the latest and complete version, replacing previous versions.