Must-Have Features in White Label Betting Exchange Platform

Do you have a vision of having your betting exchange website? If yes, then white label betting exchange software will be your guardian angel. Beyond question, this iGaming solution has come up as a game-changer for all the operators. This online solution is known for delivering a fully functional, customized betting platform. Also, it helps operators transform their dreams into reality. 

What Is a White Label Betting Exchange Platform?

This online gaming solution allows businesses to launch and operate their betting exchange platform under their brand name. It is specially designed so that it can be modified in the future. Besides, it encourages players to place their bets against each other at different events or sports. This website will help operators attract and retain players. Also, this exchange supports various betting markets such as eSports, politics, financial markets, etc.

What Are the Prominent Features of the Betting Exchange Platform?

A white label iGaming exchange platform lets operators launch their business with its readymade software solutions. Before selecting any white label betting exchange platform, the operators must look after its main features. Below is the comprehensive information about each feature that you must look at before choosing the best one:

1. Customization & Branding Options

One of the features that makes this platform so popular is the capability to customize it to twin with the brand. The operator must be able to upload the logo, select the theme color, and others. Also, the white label betting exchange software allows operators to tweak the layouts, fonts, themes, and other elements to impress existing users. Besides, the gaming website must offer flexibility to include new features based on market trends. 

2. Multi-Currency & Multi-Lingual Support

To connect globally, the operator needs to ensure that the platform supports and can handle a wide range of fiat and cryptocurrencies. Also, it must allow players to place bets in different currencies with lower transaction fees. In the iGaming market, the ability to connect with the users plays a crucial role. This is the reason why operators must look for a platform that offers various language options to make players comfortable & increase accessibility. 

3. Real-Time Betting Engine

Delivering a smooth, quick, and trustworthy real-time betting engine is one of the advantages of online betting platforms. Especially in markets like sports betting where the odds aren’t stable, the website must have an active odds-management engine to match the bets and players. With the increase in player base, it must be able to control the transactions without making any compromise with the speed. 

4. Risk Management Tools

Before choosing the platform, ensure that it comes with built-in advanced risk management tools. To avoid any losses, the tools will help the operator look after the financial transaction and take action if needed.  As an operator, you must set the maximum and minimum bet sizes to block risky players. Following this, the next-gen white label betting exchange platform must come with Anti-Money Laundering (AML) & Know-Your-Customer (KYC) features. 

5. Cash Flow Management

Cash management is the lifeline of any betting exchange. Without sufficient cash in the platform, the users will find it difficult to place their bets or match the odds. This is the reason why an ideal white label website must allow market makers to invest a certain amount by offering odds giving users enough betting opportunities. Also, the operator must have full control over the cash flow management: bet sizes are balanced and markets are 24/7 active. 

6. Payment Gateway Integration

One of the advantages of online betting platforms is that they come with rapid payment gateway integration. It plays a vital role in depositing & withdrawing the funds. Look for a white label website that supports card payments, bank transfers, E-wallets, and cryptos. Also, it must utilize high-level security measures promising to keep users’ financial data from cyber threats.

Apart from these characteristics, the operators must know the components of white label betting exchange. The list includes an iGaming website, a mobile application, crypto support, and blockchain integration. These components help individuals to be a step ahead of their peers and leave a positive impact on the industry.

Conclusion

Through this article, one thing has become very clear which is that there is scope of online betting in 2024 and the future as well. To be successful in this fiercely competitive industry, individuals need to be aware of what exactly online white label solutions are and how to choose a reliable iGaming white label platform. As a trustworthy iGaming software solution provider, PieGaming is known for delivering a customizable, cost-efficient, and ready-to-launch gaming website.