An offshore-facing exchange betting platform for India
Not available lawfully hereIs Sky Exchange legal in India?
No. Real-money gambling is banned in India. Under the Promotion and Regulation of Online Gaming Act 2025 (PROGA), in force since 1 October 2025, Sky Exchange cannot lawfully offer you a welcome bonus here, and you cannot lawfully claim one.
PROGA bans all real-money gaming nationwide and criminalises its operation, promotion and financial facilitation. Banks, UPI and card networks are barred from processing money-gaming transactions, and by 28 March 2026 the government had blocked or actioned 8,376 betting and gambling URLs. source
Any Sky Exchange bonus you see advertised for India is offered from an offshore site operating against local law. Your payments can be blocked, your account can vanish with a mirror domain, and no India regulator can help you recover funds. We therefore show no offer and no sign-up link on this page. See every licensed betting site in India →
Pros
- A real welcome match plus cricket free bets, no code needed
- IPL cashback included
Cons
- Offshore-facing, not locally licensed in India — a materially different risk profile
Our verdict
Sky Exchange is an offshore-facing exchange betting platform targeting India, not locally licensed there. New players get a 100% first-deposit match plus 3 free cricket bets, no code needed, plus IPL cashback. We did not research this brand's regulatory history in this pass, so the absence of any warning below reflects a gap in our work rather than a clean record.
How we rated it
Bonuses & value (18%)7
A real welcome match plus cricket free bets and IPL cashback, no code needed.
Sportsbook (36%)6.5
An offshore-facing exchange betting platform serving India, with a cricket-focused offering.
Customer support (18%)6.5
No major documented complaint pattern found.
Trust & licensing (27%)5
Targets India but is not locally licensed — an offshore-facing operator, a materially different risk profile.
Quick facts
| Licensing | Offshore-facing, not locally licensed in India — verify directly |
| Markets | India |
| Welcome bonus | 100% first deposit + 3 cricket free bets |
| Wagering | No code needed; IPL cashback offered |
How we verified this
Depth of research: shallow. This review rests on a single source, often the operator's own website, so treat its rating as a first impression rather than a verified assessment. We flag it because you cannot tell from the page otherwise.
Sky Exchange targets India but is not locally licensed there — an offshore-facing operator, a materially different risk profile from domestically-regulated brands. No major scandal independently confirmed in this pass. Welcome bonus: 100% first-deposit match plus 3 free cricket bets, no code needed, plus IPL cashback. Confirm current offer directly on Sky Exchange's own site.
Where Sky Exchange is licensed
Sky Exchange appears on the official register in 1 countries. Highlighted countries have a full local review — pick yours for its welcome bonus and licence details.
Asia (1)
About Sky Exchange
Sky Exchange is an offshore-facing exchange betting platform serving India, offering new players a deposit match plus cricket-focused free bets and IPL cashback. We did not research this brand's regulatory history in this pass, so the absence of any warning below reflects a gap in our work rather than a clean record.
Sky Exchange FAQ
Is Sky Exchange safe and legit?
Sky Exchange targets India but is not locally licensed there — an offshore-facing operator, a materially different risk profile than domestically-regulated brands. No major scandal was found during this research.
What is the Sky Exchange welcome bonus?
A 100% first-deposit match plus 3 free cricket bets, no code needed, plus IPL cashback.