Betting in India is technically not legal as it is a non-regulated market. Therefore, no law forbids or allows betting. Paytm is fully regulated by the Reserve Bank of India and bettors can safely use it for betting or gambling online.
Betting with Paytm is simple and straightforward once you have opened an account. You just have to log in to your favorite bookmaker and go to the deposit section. Then choose Paytm, insert the VPA code or the UPI ID and you will instantly see the money in your betting account.
Indian bookmakers offer a welcome bonus when you deposit with Paytm, in contrast with other wallets such as Skrill, Neteller and Ecopayz.
Yes, depositing money on a Paytm betting site is entirely safe. Paytm is a reliable Indian company with millions of loyal users. They also are regulated by the Reserve Bank of India (RBI), which keeps a very close eye on Paytm to ensure that they abide by the strictest safety measures.
Each Paytm account is recognized by a Unified Payments Interface (UPI) ID. This ID includes your phone number with an extension of ‘@Paytm’. For example, if your phone number is 7777777777, then your Paytm UPI ID would be [email protected]