Playing real-time online stock trading games – either for making money or just for fun? Here’s a mood spoiler!
After one month from now, you will not be able to play such games.
Even if you do access such games on any website or app, the stock price data there would be old.
You may ask, what would be the fun playing such games without real time data? Well, this is the new development that you will have to live with.
Through a circular dated 24th May 2024, the Securities and Exchange Board of India (SEBI) has pulled the plug on online platforms offering trading games designed around real time stock prices.
Agreements detailing data usage are required, and steps must be taken to prevent misuse, especially by online gaming and virtual trading apps. Provisions take effect on June 22, 2024.