News & Media 20th Feb 2025
The rapid rise of opinion trading platforms in India has sparked intense debate over their legality and regulations. While some view them as skill-based financial instruments, others argue they resemble gambling. However, the opinion trading companies now urge the government to regulate them.
The New Indian Consumer Initiative (NICI) PEN Media Literacy in its latest workshop has decided to send a joint representation letter to the Ministry of Consumer Affairs, the Ministry of Information & Broadcasting, the Ministry of Finance, SEBI, and ASCI, urging a ban on opinion trading platforms in India.
Against this backdrop, Adarsh Somani has been quoted in an article, Don’t ban us, regulate us”: Opinion Trading platforms demand regulations written by Imran Fazan published in StoryBoard18
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