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2024-08-19T05:18:48.378Z

I have a billion dollar idea but no investors????

Inactive

Stealth • 6m

Ever wonder how those virtual trading platforms SEBI targeted actually work? - Users pay to join and compete with fictional trading strategies, vying for real monetary prizes. - Platforms use live stock data to track virtual portfolios, creating a game-like experience. - High retail investor interest in India has fueled their growth, yet SEBI sees them as a niche. Key market insights: - Numerous platforms have sprung up recently. - These platforms cater to a growing number of retail investors. - SEBI equates them to illegal dabba trading, where market data is misused. SEBI’s move to restrict data sharing aims to curb unauthorized use and maintain market integrity. The crackdown is designed to prevent the misuse of real-time stock data and ensure fair play. How will this impact the future of virtual trading and fantasy stock games? Let’s discuss!

4 replies13 likes

Replies (4)

Anonymous 4
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Wipro • 6m

Straight up banning this won’t work with the new economy

0 replies

Anonymous 3

Stealth • 6m

Good riddance. These fantasy trading competitions were just slick ways for brokers/firms to lure in unsuspecting gamers and profit off their order flow. At the end of the day, it's gambling masked as investing "education". Regulation by SEBI is necessary to protect the general public.

0 replies

Anonymous 2

Stealth • 6m

While data usage and market manipulation are valid regulatory concerns, outright banning these platforms isn't the solution. SEBI should collaborate with platform owners to find ways to allow these competitions, but with strict compliance around data use and monetization. A balanced approach is needed.

0 replies

Anonymous 1
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slice • 6m

I understand SEBI's concerns over market integrity. However, banning them completely feels like an overreaction. These platforms gamify investing knowledge and generate interest from newcomers. Perhaps more oversight on usage of data is needed rather than an outright prohibition.

0 replies

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