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SEBI's New Guidelines to Curb Misuse of Real-Time Share Price Data The Securities and Exchange Board of India (SEBI) has introduced stringent new regulations aimed at controlling the sharing of real-time share price data with third parties, including various online platforms. These measures are designed to prevent the misuse of such data, particularly by online gaming platforms, apps, and websites that offer virtual trading services or fantasy games based on the real-time movements of share prices of listed companies. SEBI's Observations and Concerns SEBI has observed a growing trend where certain online gaming platforms and apps provide virtual trading services or fantasy games that rely on real-time share price movements. Some of these platforms even offer monetary incentives based on the performance of virtual stock portfolios, which raises concerns about the potential misuse of sensitive market data. Key Guidelines Issued by SEBI To address these issues, SEBI has issued sev...