News > SEBI cracks down on stock market fantasy games

SEBI cracks down on stock market fantasy games

The SEBI on Friday restricted the sharing of real-time market data around stock prices to third-party entities in a bid to clamp down on fantasy games and virtual trading platforms. SEBI has directed stock exchanges, clearing members, depositories and stockbrokers to not share real-time price data for third parties. It has also directed market intermediaries to formalise agreements around data sharing and specify the reasons for seeking real-time data.