New Delhi. These days, the Indian betting market is at its peak, there are apps that provide you the platform to play online betting, one of them is Parimatch, which is a Ukrainian brand and an important player in the online betting and gambling industry. Has emerged as. The platform offers a wide range of services including the latest sports news, live scores, results and videos. It includes a huge list of sports like Football, Cricket, Kabaddi, Badminton, Boxing, MMA, UFC, Auto, Moto, Basketball, Hockey, Wrestling, Tennis, Baseball.
India’s betting market is growing at the rate of 27% annually
According to PariMatch, the Indian online betting market is worth around ₹6,000 crore and is growing at an impressive rate of over 27% annually. The company serves the Indian market through its international website. The rapid growth of digital numbers in India, coupled with access to fast and affordable internet, is contributing significantly to the rapid growth of online betting and gambling.
However, the legal landscape in India presents a unique challenge. Indian gambling laws prohibit the operation of sports betting companies or betting sites within the country. But there is no such law for companies based outside India. These betting sites, which are licensed from Curaçao, Malta and the Virgin Islands, are not banned in India, as long as they comply with Foreign Exchange Management Act (FEMA) regulations and deal in Indian currency.
Despite these legal complications, PariMatch continues to thrive and meet the needs of its users. The success of the platform can be attributed to its offers and user-friendly interface, which has made it a popular choice among sports lovers.
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