Parimatch is an international betting site that is regulated by several bodies. But is it legal in India? Finding a legitimate gambling site in India can be challenging. Given the apparent popularity of Parimatch in the country, many people may be wondering whether it is legal in India. Let’s find out.
Gambling Laws in India
People in India are generally anxious about online gambling because the national laws banned almost all forms of gambling decades ago. However, it is worth noting that the National Legal Services Authority doesn’t cover online gambling. That means online betting is still in a legal grey area in the country.
That being said, states have the power the enact legislation regarding online gambling, and several states have already made online gambling illegal. These states are Telangana and Andhra Pradesh, and they have recommended fines or prison time for anyone who uses online betting platforms. Still, it is worth noting that no one has ever been prosecuted under this law.
That is because that would be impractical, and it would be more effective to target the betting sites.
Since online gambling is not covered in most of the states’ laws, you can freely use Parimatch in India. Even in states where online gambling is illegal, you will not get in legal trouble for using the platform.
Parimatch India License
Parimatch doesn’t have an Indian gambling license. However, it is regulated by Curacao eGaming, and this license protects punters in India. Since the site is licensed, you can be certain that your winnings will be paid out fairly.
FAQ
Is Parimatch safe?
Yes, this betting site has been around since the 1990s and has developed a great reputation among online gamblers. Also, it is licensed by the government of Curacao.
Is playing Parimatch legal in India?
While Indian laws banned games of chance decades ago, the legislation didn’t cover online gambling. For this reason, punters in the country can freely place wagers on online betting sites.
Can I make deposits at Parimatch using Indian rupees?
Yes, all bookies that accept punters in India use the rupee as this is required as per the Foreign Exchange Management Act or FEMA.
How can I deposit funds at Parimatch India?
You can deposit using UPI, Netbanking, e-wallets, debit cards, and cryptocurrencies.
