If you’re unsure about the legality of Parimatch in India, read our comprehensive article to find answers to your questions!
Is Parimatch Legal in India?
Yes, Parimatch is legal in India! There are no central or state laws prohibiting the use of betting sites like Parimatch, making it a safe option for any Indian user.
Navigating gambling laws in India can be complex, given the absence of a universal rule applying to the entire country. However, we’re here to provide clarity!
IS PARIMATCH SAFE?
Before diving into a betting site, it’s crucial to scrutinize its credentials and licenses to ensure a secure experience. In the vast landscape of online betting, there are sites with dubious intentions, aiming to exploit users.
However, the good news is that Parimatch is not one of those suspect platforms! On the contrary, Parimatch stands out as one of the most trustworthy and reputable betting sites in India.
Having been in operation since 1994, Parimatch boasts a generation of contented customers. With registration and regulation under the Curacao government, Parimatch guarantees the safety of your funds. Additionally, concerns about withdrawing your winnings become a thing of the past!
REASONS WHY PARIMATCH IS LEGAL IN INDIA
Understanding gambling laws in India can be a challenging task due to the absence of a comprehensive law governing gambling activities. Since gambling falls under state jurisdiction, individual states often have distinct laws on the matter. However, many states tend to align with the principles of the Public Gambling Act of 1867.
According to the Public Gambling Act, engaging in gambling is deemed an offense, but the prohibition primarily applies to public establishments. Remarkably, this implies that online betting through websites and apps is not classified as illegal in India. Therefore, in states where no specific laws against online betting exist, individuals are free to use platforms like Parimatch without legal constraints.
How is Parimatch Legal in India?
To be deemed legal and safe for use in India, a betting site must meet two specific requirements. Here are the two reasons why Parimatch is considered legal in India:
➡️ Offshore Base
The Indian government prohibits gambling companies from operating within the country. Hence, legal betting sites must be based offshore. Parimatch, being situated in Curacao, qualifies as a foreign legal entity, ensuring its safety for Indian users.
➡️ Acceptance of Indian Rupees
As per the Foreign Exchange Management Act (FEMA), only authorized agents or companies can facilitate currency exchange in India. To be recognized as legal and legitimate, a betting site must transact in Indian rupees. Fortunately, Parimatch not only accepts Indian rupees but also provides a generous Welcome Bonus as evidence of its compliance.
PARIMATCH SPORTS
While relatively new to the Indian market, Parimatch has intelligently developed a comprehensive sports betting section, recognizing the widespread popularity of sports betting in India. The platform caters to a range of popular sports betting options, with a particular focus on cricket—the heart of Indian sports enthusiasm. Additionally, Parimatch boasts one of the finest Virtual Sports sections available!
Let’s delve into the legality of sports betting on Parimatch in India.
⚽ Is Sports Betting on Parimatch Legal in India?
Indian regulations regarding sports betting are straightforward: Most states in India restrict sports betting unless conducted through online betting platforms. As the use of betting sites is not explicitly prohibited, Indians can freely engage in sports betting using these online platforms.
Parimatch‘s sportsbook is well-stocked, providing new players with an easily navigable sports betting interface and competitive odds. Notably, Parimatch stands out as one of our top recommendations for cricket betting in India!
PARIMATCH CASINO
The Parimatch Casino presents a remarkably diverse collection of casino games, slots, live table games, and more, ensuring a captivating experience for players.
However, before immersing yourself in the lavish offerings of the Parimatch casino, let’s address a crucial question – the legality of the Parimatch casino in India.
🎰 Are Casino Games on Parimatch Legal in India?
Games such as Slots, Roulette, and Blackjack are generally categorized as games of luck in India. Most states prohibit the construction or operation of physical casinos. However, there is no specific law preventing Indian citizens from engaging in online casinos like the one on Parimatch, enjoying the occasional allure of casino games!
The Parimatch Casino seamlessly combines quality and quantity
For those seeking a blend of game variety and quality, a visit to the Parimatch casino is highly recommended. The casino section offers a delightful escape from the rigors of sports betting, providing an enjoyable and entertaining experience.
How to Legally Deposit Money on Parimatch
One of the significant advantages of using Parimatch for sports or casino betting is the availability of secure and legal deposit methods. Depositing and withdrawing funds play a crucial role in the betting experience, making it essential to choose platforms that accept reliable and trustworthy deposit methods.
Here are the approved ways to legally deposit money on Parimatch:
- UPI (Highly recommended)
- Paytm
- Indian Netbanking
- AstroPay Card
- Skrill
- Neteller
- Debit and Credit Cards
- Bitcoin
At MBS India, we particularly recommend utilizing local Indian methods such as UPI and Indian Netbanking. These options are not only reliable but also ensure quick transactions. Moreover, as many Indians are already familiar with UPI apps or e-wallets like Paytm, using these methods for deposits on Parimatch is convenient.
How to Use Parimatch
To place bets on your favorite matches on Parimatch, follow these simple steps:
- 1.Create a New Account on Parimatch.
- 2.Claim your Welcome Bonus – Boost your initial deposit amount.
- 3.Make your First Deposit.
- 4.Select the Game or Sport for your bet.
- 5.Choose the Match and the Odds you want to wager on.
- 6.Review the details of your bet on the bet slip.
- 7.Click on “Place Bet,” and you’re done!
Initiate your betting journey on Parimatch by completing these steps, and enjoy the exciting world of online sports betting!
