What are the legal requirements for operating a P2P betting exchange?
P2P betting enables direct engagement between individuals without intermediaries. Is setting up an online peer-to-peer betting exchange legal in India under current laws like the Public Gambling Act and the Information Technology Act? Are specific licenses or permissions required from the government to operate a P2P betting exchange? Are there specific states where operating such a platform would be less legally risky compared to others?
Online betting is illegal under the Public Gambling Act. However, certain states allow gambling with specific licenses. Setting up a P2P betting exchange requires legal consultation to understand state-specific laws. Avoid operating without proper legal approval. For further legal assistance contact us on our helpline number.
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