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As IPL Frenzy Peaks, Illegal Betting Sites Parimatch, Fairplay, Others Target Fans With Discounts

Inc42Inc42 · 6m
As IPL Frenzy Peaks, Illegal Betting Sites Parimatch, Fairplay, Others Target Fans With Discounts

Illegal sports betting platforms like Parimatch, Betway, and Betfair have been increasing their operations in India, particularly during the Indian Premier League (IPL). These platforms are offering discounts and hosting promotional events to attract cricket enthusiasts. The E-Gaming Federation of India (EGF) has called for a complete ban on these platforms, accusing them of flouting regulations and deceiving users. According to a report by Think Change Forum (TCF), the offshore sports betting market receives around INR 8,20,000 Cr ($100 Bn) in deposits from India annually. The Indian government has previously taken steps to combat illegal gambling platforms, including banning 138 offshore platforms last year.

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