Is Parimatch Legal in India? Of course, checking the legality of a betting site before you put in real money is crucial. An illegal site can mess up your gambling adventure and make away with your money.
So, asking about the legitimacy of a site before betting on the site is the right thing to do. In addition to the legality of the site, also ask some pertinent questions, such as the safety of the site, payment options, betting markets, and more.
Read this post to learn all about Parimatch, including its legality, safety, and more.
Is Parimatch Legal in India?
Let’s start with this question – are betting sites legal in India? Well, there is no state or central laws that prevent betting on gambling site like Parimatch. In other words, Indians can use any betting site of their choice.
So, since there’s no law restricting the use of betting sites, we can say that Parimatch is legal. So, is Parimatch legal in India? Yes, it is! However, to help you understand why we classify this betting platform as legal, we’ll look at factors that make it safe.
Why Is Parimatch Legal in India?
There are dozens of gambling sites open to Indian punters. However, not all of them are considered legal and worth using. There are parameters worth checking out before concluding on the legality of a site.
We’ll look at these parameters and how Parimatch measures. We believe this will further answer your question – Is Parimatch legal in India?
#1: Safety: Is Parimatch Safe?
The safety of a betting site has to do with its licenses and credentials, and whether or not it offers fair betting. We’re glad to let you know that Parimatch is safe. As a fact, it’s one of the most reputable and reliable gambling sites available to Indian punters.
Established in 1994, the platform is registered and regulated by the Curacao government. It treats its users’ information with utmost security, which means you never have to worry about your details getting into the wrong hands.
#2: Acceptance of the Local Currency
The Foreign Exchange Management Act (FEMA) states that only authorized companies or agents can exchange currency in India. Parimatch accepts the Indian rupees, which means it’s a legitimate and legal entity.
#3: Off-shore Betting Site
According to the laws, the Indian government prohibits gambling sites from operating directly in India. Punters can only use legal offshore gambling sites for their betting adventures.
Parimatch is in Curacao, making it a foreign legal entity. Additionally, it’s licensed and regulated by the gambling authority in Curacao. This makes it a safe and legal site to use.
So, is Parimatch legal in India? The factors highlighted above clearly answered this question. Having established the legality of the betting site, let’s explore more exciting offerings and services available on the platform.
Overview of the Parimatch Sports Betting Market
The first thing to note is that Parimatch is relatively new to the Indian gambling market. However, its sports betting market is impressive. The company understands the popularity of sports betting in India and offers exciting markets that will keep its users entertained and attached to its site.
Cricket betting, a favorite of Indian punters, is one of the top betting markets available on the site. The site also boasts some of the best virtual sports sections in the market.
Punters can explore an extensive library of sportsbooks through the easy-to-use sports betting interface on the platform. If you’re looking for the best site to wager on cricket and other sports, we highly recommend this site.
Overview of Parimatch Casino Section
If you want something beyond sports betting, Parimatch offers you an exciting casino game portfolio. From slots to card games, table games, and live casino games, you’ll find everything you need.
You’ll probably want to know if this is legal also, considering that most casino games are games of luck. So, is Parimatch legal in India to offer casino games? Let’s clear this. While most Indian states prohibit games of luck, such as slots, blackjack, and roulette, the prohibition is restricted to land-based casinos.
It has nothing to do with online casinos. Since Parimatch offers its casino games online, the site is within its legal right to provide the games to Indians.
Payment Options on the Parimatch Betting Site
As established earlier, this gambling site accepts the Indian rupees. When it comes to the available payment options, there is good news from this end too.
Parimatch offers legal and safe deposit methods for Indian punters. To deposit and withdraw funds from the site, you can explore the different options available. These include:
- Indian Netbanking
- UPI
- AstroPay Card
- Paytm
- Neteller
- Skrill
- Cryptocurrency
- Credit and Debit Cards
Big Ups for Parimatch Gambling Site
We can’t overemphasize the fact that Parimatch is one of the most reliable and safest betting platforms in India. It boasts impressive features and offerings to make you want to sign up right away. Some of these features include:
- Impressive sports betting options
- User-friendly interface
- An extensive casino games library
- Acceptance of local currency and availability of local deposit options, including UPI, Indian Netbanking, and Paytm
- Exciting Virtual Sports betting options
Parimatch FAQ
#1: Is Parimatch legal in India?
Answer: Yes, Parimatch is legal in India. By the way, India has no official laws prohibiting betting sites in the country. Punters can safely and freely use a legal and reputable betting site, and Parimatch is one of the best.
#2: How do I deposit funds in my Parimatch betting account?
Answer: You can use different payment options available on the site. These include UPI, Paytm, AstroPay, Skrill, Neteller, Indian Netbanking, Debit/Credit Cards, and Bitcoin. UPI is the best option for Indian users because of its convenience.
#3: How do I get started with gambling at Parimatch?
Answer: The first step is to create an account on the site. Next, claim your welcome bonus when depositing funds into your account. With money in your betting account, you can choose your preferred sports betting market or casino game and bet on it.
Withdrawing your winnings is also seamless. You can use any of the payment options available and it takes a few hours for the withdrawal process to complete, especially for e-wallet options.
Final Verdict
Is Parimatch legal in India? Yes, Parimatch is a legal betting site offering exciting sports markets and casino games. It has convenient payment methods for Indian punters and also accepts the Indian rupees. Gambling on the site is safe and secure. Therefore, it is a site we will recommend to any bettor.
