Terms and Conditions of OKBET form the legal agreement between you and OKBET. GAVIN VENTURES, Inc., a registered company under Philippine law and licensed by PAGCOR, operates the official website at okbet.com. By using this site, registering an account, logging in, or participating in games or promotions, you agree to follow these terms. These Terms override prior agreements and may change periodically. OKBET will notify you before implementing substantial updates.
Introduction and General Overview
Definitions of Terms
This section defines essential terms in the agreement. Definitions like “OKBET account,” “Game,” “Service,” “Software,” “Sports Betting,” and “Inactive Account” provide clarity. Understanding these terms helps you comply with account policies, eligibility rules, and dispute resolutions outlined throughout this document.
Intellectual Property and Licensing
OKBET owns all software, structure, coding, and content on the site. You may not copy, reverse-engineer, sublicense, or distribute any materials without written permission. OKBET also owns all trademarks, trade secrets, and proprietary assets. Unauthorized use of these resources violates the agreement and may lead to legal action. OKBET may modify software or restrict access if it detects potential abuse.
Financial and Transactional Security
OKBET keeps user funds in separate financial institutions approved by PAGCOR. The company protects deposits from unauthorized access and uses encryption to secure transactions. Update your contact and banking details to prevent issues. OKBET quickly investigates delayed transactions or suspicious activity.
Registration, Account Access, and Security Measures
To register, you must be at least 21 years old and legally allowed to gamble under Philippine law. Certain people, including government officials, military personnel, students, and PAGCOR employees, cannot register. OKBET may request ID verification. You must provide accurate personal information, protect your login details, and avoid sharing or creating multiple accounts. Terms and Conditions
Acceptable User Conduct
You must use your OKBET account for personal, lawful purposes. OKBET prohibits the use of bots, scripts, or automated tools. Don’t upload malware, post offensive content, or attempt to launder money. Don’t share, sell, or access accounts through proxies. Violations can lead to suspension, legal action, and loss of funds.
Account Management and Suspension Rights
OKBET may suspend or close your account if it detects fraud, regulatory breaches, or suspicious behavior. You may need to provide extra documentation for verification. If your account remains inactive for over six months, OKBET may charge a monthly fee or close it once the balance hits zero.
Betting Rules and Platform Usage
You must place bets via the OKBET website or app according to posted game rules. Bets placed after a match starts or submitted using external tools may be invalid. Check match data before placing bets. OKBET may cancel or adjust bets if it detects errors or fraud. All betting records are final once stored in OKBET’s system.
KYC, AML, and Risk Management Policies
In adherence to international financial security standards, OKBET implements Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. New users must submit valid identification such as passports, driver’s licenses, or government-issued IDs. The platform regularly monitors transactions to detect suspicious patterns, report irregularities to regulatory authorities, and take corrective actions. Data is securely stored in compliance with Philippine data protection laws. OKBET’s compliance officer oversees AML-related tasks and interfaces with local law enforcement when needed.
Bonus and Promotional Terms
Bonuses are subject to specific terms, including turnover requirements, maximum winnings, and eligibility conditions. OKBET may grant or revoke bonuses at its discretion and reserves the right to cancel bonuses for users suspected of abuse. Players found manipulating multiple accounts to gain bonus advantages may have their accounts closed. Users must meet all wagering requirements before withdrawing bonus funds. Bonuses have withdrawal limits, especially no-deposit bonuses capped at ₱5000 unless otherwise specified. Misuse of promotional offers is a violation of this agreement.
Refund and Withdrawal Policies
OKBET processes refunds only under special conditions, usually within 24 hours of the transaction. Withdrawals follow standard banking timelines, though high-value withdrawals may take up to three days. The minimum withdrawal amount is ₱300, and OKBET waives fees for up to three daily transactions. Suspicious withdrawal requests may be reversed.
Legal Disclaimer and Limitation of Liability
OKBET is not liable for technical issues, human error, or content inaccuracies that result in losses. The platform is not affiliated with any sports teams or leagues unless explicitly stated. Use of the website and its services is at the user’s own risk. Users agree to indemnify OKBET against claims arising from violations of this agreement or unlawful activities performed using their account. Legal disputes will be governed by the laws of the Republic of the Philippines. The courts in the Philippines will have exclusive jurisdiction.
Privacy and Data Protection
OKBET is committed to protecting user privacy. All personal data collected is handled in compliance with the OKBET Privacy Policy and applicable laws. Data may be transferred within the GAVIN VENTURES corporate structure but will remain protected under the same regulations. Users may request to review or delete their personal data. OKBET will not disclose user data to third parties without consent, except as required by law or regulation. Data may be retained for legal and compliance purposes.
Breach and Penalty Clauses
If a user breaches these terms, OKBET may close the account, seize funds, and pursue legal action. Any violation of this agreement or use of the platform for illegal purposes exposes the user to civil and criminal liability. Users are also liable for damages, costs, and legal fees arising from such breaches. OKBET reserves the right to report violators to relevant authorities and blacklist them from future use of the platform.
Conflict Resolution and Legal Governance
Disputes related to OKBET’s services must be directed to the customer service team. OKBET will conduct a fair investigation and provide a written response. If not resolved, disputes may be referred to an independent arbitration body recognized under Philippine law. The resolution provided by the arbitration body will be final and binding. Users waive their rights to appeal unless contrary to public interest or applicable legal standards.
FAQ OKBET Terms and Conditions
1. What does agreeing to OKBET’s Terms and Conditions mean?
It means you understand, accept, and will comply with all policies and procedures outlined in the agreement while using OKBET services.
2. Who owns and operates OKBET?
OKBET is owned by GAVIN VENTURES, Inc. and licensed by PAGCOR.
3. Can OKBET suspend my account without notice?
Yes, in cases of suspected fraud, security concerns, or policy violations.
4. What happens if I create multiple accounts?
OKBET prohibits multiple accounts and may terminate all duplicate profiles, retaining only one.
5. How are my funds protected?
Your funds are held in segregated accounts with regulated financial institutions to ensure safety.
6. What is considered bonus abuse?
Bonus abuse includes using multiple accounts, manipulating turnover, or violating bonus terms.
7. How long does it take to process withdrawals?
Most withdrawals are processed instantly, but larger transactions may take 1–3 business days.
8. Can I request a refund?
Refunds are limited and must be requested within 24 hours of transaction or under special conditions.
9. What jurisdictions apply to legal disputes?
The Republic of the Philippines governs all legal matters, with exclusive jurisdiction granted to its courts.
10. How do I report suspected misuse or fraud?
Contact OKBET customer support or use the platform’s built-in reporting tools to raise concerns immediately.