Team Blitz India
NEW DELHI: The Securities and Exchange Board of India (SEBI) introduced new regulations to govern the sharing of real-time share price data with third parties, including various online platforms.
SEBI has issued guidelines to curb the misuse of such data, particularly by online gaming platforms, apps, and websites that offer virtual trading services or fantasy games based on the movement of real-time share prices of listed companies.
“It has been observed that certain online gaming platforms, apps, websites, etc. (hereafter referred to as “platforms”) are providing virtual trading services or fantasy games which are based on the movement of real-time share prices (price data) of listed companies. Some platforms are even offering monetary incentives based on the performance of the virtual stock portfolio. ” said SEBI.
