Is Parimatch Legal in India? (2024)

Gambling Laws in India and How They Apply to Parimatch

Gambling is a state subject in India, which means that each state has the authority to make its own laws and regulations regarding gambling activities within its territory.

Therefore, the legal status of online gambling varies from state to state, depending on their respective laws and policies.

There are currently five states that have explicitly banned online gambling in India. They are Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Chhattisgarh. If you live in these states, you might be breaking the law by using Parimatch.

Online gambling is only officially legal in the states of Goa, Sikkim, Daman, Meghalaya. These states have legalised casinos and online games of chance under certain conditions and with a license from the state government. Sikkim also allows an online lottery, which accepts bets from players all over India. 

In the rest of the states where there is no specific law on online gambling, it is technically legal to use online gaming and betting platforms that operate under foreign licenses and accept Indian players and Indian rupees as a currency.

Therefore, it is advisable to check the laws of your state before engaging in any online gambling activity.

Some ancient laws, such as the Public Gambling Act of 1867, are still in force. However, these laws are outdated and do not cover online gambling, which did not exist at the time of their enactment.

There are no cases on record of Indian players being prosecuted for online betting. Parimatch operates from outside India, which is another factor that makes Parimatch legal in India. So now that sports fans know that Parimatch is legal in India, how can they sign up for a new account?

Step-by-Step Guide for Creating A Parimatch Account From India

If you have decided to use Parimatch for online sports betting in India, you will need to create an account on the website or through the Parimatch betting app. Creating a Parimatch account from India is very easy and similar to many other online sports betting sites. 

If you have ever used the internet to bet on sports before, you will find the process very familiar and simple. Here is a step by step guide on how to do that:

1. Visit the official website of Parimatch.
2. Click on the yellow “Sign Up” button at the top right corner of the homepage.
3. Fill in the registration form with your personal details, such as your name, email address, phone number, password, currency (choose INR), and promo code (if any).
4. Accept the terms and conditions and click on “Sign Up”.
5. You will receive a confirmation email with a link to activate your account. Click on the link and log in with your email and password.
6. You will also receive an SMS with a verification code to verify your phone number. Enter the code on the website and click on “Verify”.
7. Congratulations! You have successfully created your Parimatch account from India.

Before you can continue with creating a Parimatch account from India, you need to read and accept the Parimatch terms and conditions. This is an important step that you should not skip or ignore.

Once you have done that, you can click on the button to join Parimatch and complete the first part of the process. You will then become one of the customers who use Parimatch.

How to Legally Deposit and Withdraw Money From Parimatch in India

India has strict rules and regulations about currency conversion that require betting sites to enable their customers to bet in rupees. Parimatch allows Indian users to bet in rupees, which makes it easy to legally deposit money into this betting site.

To begin betting on Parimatch, you will need to deposit some money into your account after creating it. You will also need to withdraw your winnings from time to time.

Parimatch offers various payment methods that are convenient and legal for Indian users. Here is how you can deposit and withdraw money from Parimatch in India:

How to deposit money into Parimatch

1. Log in to your Parimatch account and click on the green “Deposit” button at the top right corner of the website.
2. Choose your preferred payment method from the list of options available, such as Paytm, UPI, Neteller, PhonePe, Skrill, cryptocurrencies, etc.
3. Enter the amount you want to deposit and click on “Deposit”.
4. Follow the instructions on the screen to complete the transaction.
5. The money will be credited to your Parimatch account instantly or within a few minutes.

How to withdraw money from Parimatch

1. Log in to your Parimatch account and click on your profile icon at the top right corner of the website.
2. Click on “Withdrawal” from the drop-down menu.
3. Choose your preferred payment method from the list of options available, such as Paytm, UPI, Neteller, Skrill, cryptocurrencies, etc.
4. Enter the amount you want to withdraw and click on “Withdraw”.
5. Follow the instructions on the screen to complete the transaction.
6. The money will be transferred to your chosen payment method within 24 hours or less.

Step by Step Guide for Verifying A Parimatch Account From India

Parimatch cares about the safety and security of its users, just like many of the best online sports betting sites in India. That is why verifying a Parimatch account from India is a crucial step.

In order to comply with anti-money laundering and KYC (know your customer) regulations, Parimatch requires its users to verify their identity and address before they can withdraw their winnings from their accounts. This confirms their authenticity when they bet online on sports in India through the internet, so they don’t impersonate anyone else.

This is a simple and secure process that can be done online through the website or mobile app of Parimatch. Here is how you can verify your Parimatch account from India:

1. Log in to your Parimatch account and click on your profile icon at the top right corner of the website.
2. Click on “Verification” from the drop-down menu.
3. You will see two sections: identity verification and address verification. You need to complete both of them in order to withdraw your money from Parimatch.
4. For identity verification, you need to upload a clear and valid copy of your PAN card or Aadhaar card. You can either take a photo of your document using your camera or select a file from your device. Make sure that the document is not expired, damaged, or edited in any way.
5. For address verification, you need to upload a clear and valid copy of your bank statement or utility bill that shows your name and address. The document should not be older than three months and should match the address you provided during registration. You can either take a photo of your document using your camera or select a file from your device.
6. After uploading your documents, click on “Submit” and wait for the verification process to be completed. This may take up to 24 hours or less, depending on the quality of your documents and the workload of the verification team.
7. You will receive an email and an SMS notification once your account is verified. You can also check the status of your verification on the website or mobile app at any time.

That’s it! You have successfully verified your Parimatch account from India and you can now withdraw your winnings without any hassle.

If you have any questions or issues regarding the verification process, you can contact the customer support team of Parimatch. They are available 24/7 to assist you with any queries or problems.