The Securities and Exchange Board of India (Sebi) is implementing new restrictions on fantasy game companies and virtual trading platforms, preventing them from sharing real-time market data and stock prices with third-party entities. The move aims to curb the rising trend of online gaming platforms using real-time stock data for activities like betting and leagues. Sebi has directed market intermediaries to formalize agreements for data sharing and specify reasons for seeking real-time data, effective within a month. This action follows previous crackdowns on unregistered financial influencers spreading unverified stock information on social media.
Sebi Tightens Rules on Real-Time Stock Data Sharing by Fantasy Game Platforms
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