Sebi warns against dealing with ‘opinion trading platforms’ – The Tribune-OxBig News Network

Sebi on Tuesday cautioned the public against engaging with ‘opinion trading platforms’, warning that such entities fall outside the ambit of its regulatory oversight and offer no investor protection under the securities law framework.

In a public advisory, Sebi said, “some platforms known as ‘opinion trading platforms’ provide their users/participants a platform to trade/enter into arrangements wherein the payout is dependent on the outcome of a yes/no proposition of happening or not happening of the underlying event.”