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Satta Matka is a popular form of gambling in India, particularly in the state of Maharashtra. It is a type of lottery game that involves betting on numbers, and the results are determined by the opening and closing rates of cotton traded on the New York Cotton Exchange.
The origins of Satta Matka can be traced back to the 1960s when it was introduced by a man named Ratan Khatri. At that time, it was known as Ankada Jugar, which was played using playing cards. However, when the New York Cotton Exchange stopped the practice of sending the teleprinters, the game changed and cotton rates were replaced by other means such as drawing random numbers.
The game gained immense popularity in the 1980s and 1990s, and the Satta Matka industry became a huge business with millions of rupees changing hands daily. But with time, the government began to take action against the game, as it was deemed illegal under the Public Gambling Act of 1867. In 1995, the Mumbai Police raided several Satta Matka dens and arrested many operators. This resulted in the industry going underground and becoming even more secretive.
Today, the Satta Matka industry is run mainly through online platforms, with the operators using various techniques to remain hidden from the authorities. The game is played by millions of people across the country, despite being banned by law. The industry is estimated to be worth around Rs. 1000 crores annually.
The game has evolved over the years, with various versions of Satta Matka being introduced. The most popular versions are Kalyan Matka and Worli Matka. In Kalyan Matka, players bet on the opening and closing rates of cotton traded on the New York Cotton Exchange. In Worli Matka, players bet on the opening and closing rates of the Bombay Cotton Exchange.
The game is highly addictive, and many players have lost everything they have due to their addiction to Satta Matka. The government has tried to curb the industry by imposing strict penalties and arresting operators, but it has not been able to completely eradicate it.
In conclusion, the Indian Satta Matka industry is a huge business that continues to thrive despite being illegal. It is a game of chance that has the potential to bring people both fortune and ruin. While the government continues to take action against it, the industry remains resilient and continues to operate, with millions of players trying their luck every day.