Think about being profitable from the inventory market with out ever investing in it. This may sound like a far-fetched fantasy, however for hundreds of Indian customers, it was a profitable actuality. We’re not referring to conventional monetary devices like derivatives, mutual funds, or choices buying and selling. As a substitute, we’re delving right into a extra unorthodox, and certainly peculiar, avenue: Fantasy Inventory Gaming.
A number of cell purposes emerged permitting customers to have interaction in simulated inventory market buying and selling. These platforms enabled individuals to revenue from the fluctuations in inventory costs with out incurring typical prices equivalent to dealer charges, inventory trade charges, or taxes. By predicting whether or not a inventory listed on the Nationwide Inventory Trade (NSE) or the Bombay Inventory Trade (BSE) will rise or fall inside a short while body—generally as temporary as 60 seconds—customers might earn cash primarily based on their forecasting prowess.
These apps quickly amassed a major consumer base, with some boasting over 500,000 downloads on the Google Play Retailer. Their recognition didn’t go unnoticed by buyers. Enterprise corporations equivalent to Accel and Dream11’s funding arm Dream Sports activities have poured substantial investments into these platforms.