Binomo (Binary Trading) App Legal in India?

nikhil (-) (23 Points)

30 May 2022  


Lots of Social Media Influencers and Even IPL seems to be promoting Trading apps like OctaFX, Binomo, Olymp etc.

Since they are not regulated by SEBI or RBI....shouldn't it be an offense under FEMA act to gamble on the same?

Then why is it so freely advertised including merging with Indian payment system so freely?