Sebi vs dabba trading: Gaming app clampdown only a baby step

If there is one thing that makes regulators nervous, it’s the presence of a thriving parallel space that’s out of its purview. Last week, the Securities and Exchange Board of India – Sebi - directed exchanges not to share real-time price data with third parties. The regulator’s circular stated the potential misuse of stock exchange live feed by apps providing stock market fantasy games—an area out of its purview. By denying live feed to these