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Today, many sports enthusiasts like Kumar are attracted to these international betting platforms, where they are able to place bets in Indian currency. According to Parimuch, one of the leading players, the Indian online betting market is around 6,000 crores and growing at over 27% annually.

Legal Betting Sites For Cricket

Incidentally, Indian gambling laws do not allow sports betting companies or betting sites in India to operate from within the country.

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Mumbai: Mahesh Kumar, a 27-year-old software engineer from Bengaluru, was big on fantasy sports until the last season of the Indian Premier League. Then, he came across offshore betting companies like PariMatch and Betaway, which allowed him to bet online on all kinds of sports from cricket to football and kabaddi to ping pong – something no Indian company could do legally. This was not allowed .

Today, many sports enthusiasts like Kumar are attracted to these international betting platforms, where they are able to place bets in Indian currency. According to Parimuch, one of the leading players, the Indian online betting market is around Rs 6,000 crore and is growing at over 27% annually.

Parima International CEO Anton Rubelevsky told ET that the company deals with the Indian market through its international website. “We operate gambling based on a Curacao license service and offer cricket and other sports betting as well as live casino, slots and virtual games. The increasing number of digital citizens who have access to fast and cheap internet connections in India has contributed greatly to the rapid growth of online betting and gambling. “

Incidentally, Indian gambling laws do not allow sports betting companies or betting sites in India to operate from within the country. However, there is no such law for companies outside India.

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These offshore betting sites, which obtain licenses from Curacao, Malta and the Virgin Islands, are banned in India as long as they comply with Foreign Exchange Management Act (FEMA) regulations and deal in Indian currency.

Legal experts believe that online betting is not illegal in India, as there are no formal laws or acts or government regulatory bodies.

“Compared to sports of opportunity like batting, India lacks a comprehensive regulatory ecosystem. As a result, there is an opportunity for betting companies to structure their operations in such a way that they can avoid legal action without being protected by the law,” said Kaushik Mitra, partner at law firm Bharucha & Partners.

He, however, clarified that every gaming platform involved with an element of chance should exercise due diligence to ensure that it complies with the law both in spirit and in spirit.

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Kumar and others like him use GPA, Paytm and other UPI apps as well as debit facilities from banks.

In the last couple of years, many of these platforms have started to heavily promote OTT services during sporting events. Parimach and Dafa have also launched various sports league or franchise partnerships

One of the company’s sports news sites, Parimach News, worked with Pro Kabaddi League franchise Tamil Valaivas as its title sponsor. He also has a three-year contract with Premier League club Chelsea

Asked about the legality of the service and whether they were breaking any laws, Rubelevsky said his company was playing by the rules and operating “within the legal boundaries” set by the country.

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“The industry often uses offshore licenses. This license allows raising funds and operations in India “Also, in states where gambling is banned, we fully respect it and legal brands do not operate there,” he said. “The number of online bettors and gamblers continues to grow despite some problems with state regulations in this area. The same is true of online casinos. A large number of people involved in this sector influence the authorities and allow them to gamble. The government will do this. License issued. Benefit from regulating this sector by charging for and getting a new source of income from tax revenue

Parimac is licensed to provide remote gaming/e-gaming services from Curacao. “This license enables us to offer our services worldwide and we do not attempt to break or bypass any rules or regulations. We are a responsible operator. “

Most betting platforms say that legalizing betting has the potential to boost India’s economy.

Permach supported the idea of ​​legalizing gambling in Ukraine and helped advise the industry and government there.

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“We want to legalize betting in India with a proper legal framework to monitor the operations. We foresee state-by-state legalization in the next 3-5 years like the US market. Yes, India is a populous country so sometimes different sentiments are taken into consideration. “Enacting and enforcing the rules becomes a bit difficult but in the long run if betting is done properly in India. If legalized it can be a huge source of revenue for the country,” said Rubelevsky.

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Gambling is an integral part of Indian culture, which has existed in the subcontinent for over three thousand years. Despite many moral and religious condemnations by political and spiritual leaders, Indian local betting sites are booming because Indians are betting enthusiasts who mainly enjoy betting on sports and especially cricket matches.

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Statistics show that 48% of all adult men have intercourse once a month; With 80% betting on major cricket league matches like IPL India’s stance on gambling can be considered conservative by Western standards.

However, significant steps have been taken towards moving to a more liberal licensing regime since 2018; When the Law Commission of India recommended comprehensive regulation of online gambling

We have collected the top betting sites in India and selected the ones with the highest odds on cricket matches, local payments like UPI/IMPS and accepting Rs.

If you are looking for the best online betting site in India then you should keep the following 5 criteria in mind

Indian Legal Cricket Betting Sites

Online betting is unregulated and thus prohibited under the Public Gambling Act of 1867. Which is still the main rule of gambling in India today. From a legal point of view gambling is legal only in the state of Sikkim

More specifically, although betting is illegal at the central level, it is up to the states to interpret betting laws in India as they see fit; Online betting has been legal in Sikkim since 2009 Local punters are free from various off-licences that cater to the local market

As mentioned above, online betting is not legal in India. If you place bets online, you are doing so without permission from the government There is no need to worry, as no measures have been taken other than blocking ISPs and payment service providers.

Notably, no bettor has been personally prosecuted for online gambling. However, in recent years the authorities have become more active and there have been some rare opportunities for law enforcement

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The most recent incident occurred in early 2019 in Jaipur where local police arrested two men as part of an illegal gambling operation for betting online on Betfair; Using a VPN to bypass geo-blocking measures put in place by bookmakers

Popular betting exchanges have left the market, but there are many international betting sites for Indian players, such as 22Bet or Bet365. It is worth noting that as India is considered a gray area in online betting, players do not have to pay gambling tax on their winnings; Like offline 30.90% tax on horse racing

Although betting is far from perfect in India and is still considered illegal, local punters are keen on the sport Online sports betting in India can easily translate to cricket betting, as over 80% of bets are placed on IPL, CPL, Ashes and Big Bass. Football does not enjoy the same popularity

However, this is increasing, with 15% of all bets placed on the world’s top leagues Additionally, sports betting sites in India such as Bet365 and 22Bet offer betting on kabaddi and horse racing, both of which are very popular among punters.

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If you are wondering how to bet online in India, you need to follow the 4 simple steps below

The first step is to register an account with you

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