Mumbai, April 30 -- The Securities and Exchange Board of India (SEBI) has cautioned the public against engaging with so-called 'Opinion Trading Platforms', warning that these platforms are neither recognised nor regulated under the current securities market framework.
In a press release issued here on Tuesday, the capital markets regulator noted that several such platforms allow users to trade or enter into arrangements where payouts depend on the outcome of a 'yes/no' proposition, based on whether a certain event occurs or not.
SEBI stated that some of these platforms employ financial market terminologies such as "profits", "stop loss", and "trading", which may mislead users into believing they are legitimate investment platforms. Howeve...