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Yes, 1win India is legal in India. The platform operates under a valid license and complies with the regulations set by the regulatory authorities.
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Some Betfair traders make a full-time income from the platform, while others use it as a side hustle to supplement their income.
For this reason alone, Betfair has no reason to ban or close your account when you should win. This is what Betfair first became famous for; peer-to-peer betting. Whilst the Exchange account won't be closed for winning, there is an additional commission rate.