Casino Game Developers

What Casino Game Developers does

Casino Game Developers operates Radhe Exchange, an online sports betting exchange and casino gaming platform headquartered in Ernakulam, India, that has been active since at least 2008 (firmographics) with the current digital platform dated to 2025 in source materials. The platform enables peer-to-peer wagering — users bet against each other rather than against a house bookmaker — across cricket (with strong emphasis on IPL, Test matches, ODIs, and domestic T20 leagues), football, tennis, kabaddi, and horse racing, alongside casino-style products such as Teen Patti, Aviator, slots, and skill/number games. Underlying technology comprises a web-based exchange with real-time odds updates, live match tracking, an integrated digital wallet supporting UPI, QR, IMPS/NEFT/RTGS, an Android APK mobile client, and a multi-tier partner administration layer (Admin Panel, Master ID, Agent ID) for sub-network management.

Revenue is generated primarily through a 2%-5% commission on winning peer-to-peer bets, supplemented indirectly by promotional bonus programs (welcome bonus up to ₹10,000, deposit and referral bonuses) that drive volume. Distribution is conducted entirely through a decentralized, multi-tier agent network — Super Agents, Master ID holders, Sub-agents — where onboarding requires a WhatsApp-initiated agent contact rather than direct website registration. The platform serves three customer segments: Indian sports betting enthusiasts (primary), casino gaming players, and betting agents/Master ID holders running their own downstream networks. Operations are geographically limited to India and explicitly excluded from seven states (Andhra Pradesh, Assam, Nagaland, Odisha, Sikkim, Telangana, Tamil Nadu) due to local gaming laws, making the addressable market both legally constrained and concentration-exposed on the regulatory dimension despite a low end-customer concentration profile.

Name

Casino Game Developers

Legal name

Radhe Exchange

Website

https://radheexchange.co

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

Casino Game Developers operates Radhe Exchange, an India-based peer-to-peer online sports betting exchange and casino gaming platform serving individual bettors, casino players, and a tiered agent network via WhatsApp-led onboarding and commission-based monetization.

Ownership category

akta.pro rank

Product category

Online Sports Betting Exchange

NAICS

Gambling Industries (7132), Other Gambling Industries (713290)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Peer-to-Peer Financial/Spread Betting Exchanges (MPAEAIAC)

akta.pro secondary industries

In-Play (Live) Betting Exchanges (MPAEAIAD), Betting Exchange Affiliate & Acquisition Networks (MPAEAIAJ), Online Horse Racing Betting (Advance Deposit Wagering/ADW) (MPAEADAD), Exchange Odds, Pricing, Trading Tools & APIs (MPAEAIAG)

Keywords

• Sports betting exchange
• Online casino gaming
• Fantasy sports platform
• Cricket betting exchange
• Horse racing betting

Headquarters

HQ city

Ernakulam

HQ country

India

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Marketing or Sales, Technology or R&D, Operations, Personnel

Revenue model

1. Betting Commission/Commission on Winnings: The platform charges a commission fee (typically 2%-5%) on winning bets placed through the exchange. This is the primary revenue stream from facilitating peer-to-peer betting transactions between users.
2. Promotional Bonus Redemptions: Welcome bonuses, deposit bonuses, and referral rewards are offered to attract and retain users. These promotional costs are offset by the volume of betting activity generated.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Radhe Exchange is an online sports betting exchange and casino gaming platform that enables peer-to-peer betting (back/lay) on cricket, football, tennis, kabaddi, and horse racing, alongside casino games such as Teen Patti, Aviator, and slots. Users access the platform through agent-issued Sports IDs, deposit funds via UPI/digital wallets, and place bets with real-time odds. The company also operates the Race Exchange sub-brand and an Android APK mobile application. Revenue is generated through commissions (2%-5%) on winning bets and the operator's distributed agent network model.

Product overview

Radhe Exchange operates as an integrated online sports exchange and gaming platform combining fantasy sports betting with casino gaming offerings. The core Radhe Exchange platform provides access to cricket, football, tennis, kabaddi, and live casino games (including Aviator and Teen Patti), accessed through agent-provided user IDs (Sports ID/Cricket ID). The ecosystem includes Race Exchange for dedicated horse racing and multi-sport gaming, the Radhe Exchange mobile APK for Android users, and administrative tools (Master ID, Admin Panel, Agent ID) enabling partners to manage sub-agent networks and player operations. Users interact primarily through WhatsApp support and agent contacts rather than direct website registration.

Differentiator

Problem solved

Functional benefit

Brands

• Race Exchange: Online gaming platform for horse racing and sports betting including cricket, football, tennis along with skill games and live entertainment options.
• Radhe Exchange xyz

Products and services

• Radhe Exchange Platform Core online sports exchange and casino gaming platform offering peer-to-peer back/lay betting markets for cricket, football, tennis, kabaddi, and live casino games including Aviator and Teen Patti. Users access via agent-provided Sports IDs and bet with real-time odds updates.
• Race Exchange Dedicated horse racing and multi-sport gaming sub-platform within the Radhe Exchange ecosystem. Offers horse racing markets, cricket, football, tennis, skill games, entertainment play, number games, and live gaming with integrated digital wallet, net banking, and card payments.
• Radhe Exchange Mobile App (Android APK) Native Android mobile application for Radhe Exchange with real-time odds updates, live betting during matches, access to sports and casino markets, integrated UPI payment processing, and two-factor authentication security.
• Race Exchange Mobile App Mobile application for horse racing and online gaming available on Android and iOS platforms. Provides real-time horse racing updates, sports betting access, and integrated wallet services for deposits and point redemptions.
• Radhe Exchange Admin Portal Web-based backend administration portal for agents and super agents enabling creation and management of user IDs, wallet balance adjustments, bet and commission monitoring, sub-agent management, account issue resolution, and real-time betting statistics with encrypted data protection.

Quantifiable outcome

• Instant deposit and withdrawal processing typically within minutes to a few hours
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Smarkets: Operator of a peer-to-peer sports betting exchange with a similar commission-based revenue model. Comparable to Radhe in economic structure (commission on winnings rather than bookmaker margin).
• Betfair: The original peer-to-peer sports betting exchange where users set odds and back/lay each other. Radhe Exchange replicates this exchange model in the Indian market, capturing commission on matched bets like Betfair does globally.

Broad incumbents

• 1xBet: International sportsbook and exchange-style platform with broad cricket and casino coverage. Competes for the same Indian offshore user base and shares Radhe's informal, agent-distributed go-to-market style in restricted markets.
• Bet365: Established global sportsbook with deep cricket/IPL coverage and UPI/payment-rail support for Indian users. Operates as a traditional bookmaker rather than exchange but competes directly for the same Indian cricket betting audience.
• Dream11: India's largest fantasy sports operator, deeply embedded in cricket (IPL official partner). Competes for the same cricket-aware Indian users and dwarfs Radhe on capital, brand, and regulatory standing.
• MPL (Mobile Premier League): Indian mobile gaming and fantasy sports platform with casual and skill-game offerings. Targets similar Indian gamer demographics and overlaps with Radhe on casual casino-style products.
• Betway: Global sportsbook and casino operator with significant cricket sponsorship and Indian-market presence. Competes for the same Indian sports betting and casino gaming customers with formal licensing.
• Parimatch: Established international sportsbook with a strong cricket offering and growing focus on India, CIS and emerging markets. Comparable product breadth (sports + casino) to Radhe's combined platform.

Others

• Gambola: Affiliate and acquisition network for regulated sportsbooks and casinos. Conceptually comparable to Radhe's Master ID / agent network, though operating as an affiliate rather than an exchange operator.

Regional players

• 10Cric: Cricket-focused sportsbook with India-specific marketing, payment rails, and product features. Targets the same Indian cricket bettor audience as Radhe but uses a traditional bookmaker model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/casinogamedev
• YouTubeyoutube.com/@Radheexchid-y2k
• Instagraminstagram.com/radhe_exchid
• Facebookfacebook.com/casinogamedevelopers
• LinkedInlinkedin.com/company/casino-game-developers

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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