Additionally, in the states where gambling is prohibited, we completely respect that and the legal brands do not operate there,” he said. The licence allows the money collection and operations in India. “The industry mostly uses the offshore licence. When asked about the legality of the service and whether they are circumventing any laws, Rublevskyy said his company strictly played by the rules and operated “within the legal boundaries” set by a country. It also has a three-year contract with Premier League club Chelsea. Parimatch News, a sports news site of the company, teamed up with Pro Kabaddi League franchise Tamil Thalaivas as its title sponsor. Parimatch and Dafa have also started partnering leagues or franchises of different sports. In the last two years, several of these platforms have started promotions heavily across OTT services during sporting events.

Kumar and many others like him use GPay, Paytm and other UPI apps as well as direct debit facility from banks to transfer money. He, however, clarified that each gaming platform involving the element of chance must conduct appropriate legal diligence so that they were compliant with the law, both in letter and spirit. The increasing number of digital citizens in India having access to a speedy and cheap Internet connection contributes greatly to the fast growth of online betting and gambling.” “We conduct gambling activities based on the Curacao licensing service and offer cricket and other sports betting as well as live casinos, slots and virtual games. The company deals with the Indian market through its international website, Parimatch International chief executive Anton Rublevskyy told ET. The Indian online betting market, as per one of the largest players, Parimatch, is close to Rs 6,000 crore and growing at more than 27% annually. Today, many sports enthusiasts like Kumar are attracted towards these international betting platforms, where they are able to place bets in Indian currency. Then, he came to know about offshore betting companies like Parimatch and Betaway, which allowed him to place online bets on all kinds of sports - from cricket to football and Kabaddi to Ping Pong - something which no Indian company was allowed to do legally. Mumbai: Mahesh Kumar, a 27-year-old software engineer from Bengaluru, was bigtime into fantasy sports till last season of the Indian Premier League.

Parimatch site