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Exploring fantasy stock trading platforms and SEBI's concerns, the podcast delves into regulatory risks associated with real-money involvement on such platforms. It compares Sebi's new regulations to past US actions, evaluating the impact on paid and free fantasy stock gaming platforms.
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- SEBI restricts access to real-time stock data on fantasy stock gaming platforms to protect investor interests.
- SEBI's new rules may hinder innovation and accessibility in the stock gaming industry, impacting both paid platforms and educational platforms.
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SEBI's Issue with Fantasy Stock Trading Platforms
Fantasy stock trading platforms offer users the experience of trading in the stock market without the risk of substantial losses. These platforms charge a small entry fee compared to traditional broker fees, enabling users to trade virtually with fake money. While users can win rewards like gold coins or electronics by predicting stock price movements, SEBI has concerns. SEBI believes that using real-time data from regulated stock exchanges in these platforms can be detrimental to investor interest, leading to a circular barring third parties from accessing such data.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode