For decades, there have been charts drawn for pros and cons of legalised sports betting in India. The country has nothing but the second biggest population in the world and in terms of a market, almost everyone is involved in sports betting in India; especially cricket betting. And now, leading sports betting platform Parimatch has spoken for legalised sports betting in the country.
Now you might think that since they’re a sports betting site, they will obviously speak in favor of legalisation of sports betting. However, let’s hear out the arguments as well. For one, a proper legal infrastructure and plan can become a great revenue source for government coffers and also create tremendous new job opportunities in India.
Providing expertise to betting and gambling markets across the world, Parimatch International (PMI) has seen the legalisation of sports betting across several countries and they know the positive impacts of doing so. One might say that it’s a social evil but it’s happening nonetheless and a structured system can reduce the evils, believes the leading global sports betting website, Parimatch.com.
”We feel betting games have the potential to boost the economy of India. If the Indian government decides to legalize betting in India, we will be among the first companies to support such a decision. We would like to see betting getting legalised in India with a proper legal infrastructure to monitor the operations,” said Dmitry Belianin, PMI Chief Marketing Officer, in a press statement.
He added that because India is a vastly populated country, there are cultural and religious sentiments and new rules may not always go down well but the long-term benefits are quite a few. Stigma and taboo with regards to sports betting will vanish in the long run. This comes from Parimatch, a sports company established for Ukraine in 1994, but now in 10+ countries and 4 continents, also employing 3,000+ employees worldwide.
“In our opinion, legalising betting can be a good source of income and can add to the economy with a huge tax income, many new job opportunities (for both online and offline), proper legal tools to protect the players from the scam operators and fraudsters, proper payment providers to speed up the processes within the industry,” he added.
One of their subsidiaries Parimatch News partnered with Pro Kabaddi League (PKL) team Tamil Thalaivas as its title sponsor to promote this sport in India, while the company is also sponsor of one of the most popular football clubs in the world, Chelsea FC. Sports betting brands like Parimatch have been doing a great job in promoting such sports across the world as well.
”India is one of the top priority markets across the globe and hence it is an important market for us to tap. Countless sports fans are already associated with us. So, we feel if the legal bodies and government join hands with Parimatch and help us to create awareness in the right manner, we might be able to cross the existing hurdles way too soon and overcome them,” added Belianin.
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