The Federation of Indian Fantasy Sports (FIFS), the apex body governing fantasy sports in India, has partnered with Castler, a leading escrow services provider, to ensure financial integrity, transparency, and compliance in the industry.

Castler’s escrow solutions safeguard funds by holding them in neutral accounts until all contractual obligations, such as prize payouts, taxes, and operational expenses, are fulfilled. This system addresses trust issues while improving operational efficiency and regulatory compliance for stakeholders.

FIFS leaders, including Joy Bhattacharya (Director-General) and Neil Christopher Castelino (CEO), emphasized that Castler’s innovative escrow platform will boost trust, transparency, and efficiency, laying the foundation for sustainable growth in the sector.

Kumar Amit, Co-Founder and COO of Castler, highlighted that the partnership provides end-to-end solutions, including legal opinions, SEBI-registered trusteeship, and RBI-licensed escrow accounts, ensuring security and accountability for fantasy sports operators.

Together, FIFS and Castler aim to foster a secure and sustainable financial ecosystem, strengthening confidence and growth within India’s fantasy sports industry.