This article discusses fantasy stocks apps, their potential to
gamify investor education, and the regulatory concerns expressed by
Indian and foreign regulators.
In our wealth-tech series, we
analyze different wealth-tech products and
their legal status. You can read all the posts here.
Investing in the stock-market may be daunting for new entrants.
But a few start-ups are trying to solve for this by offering
fantasy stocks apps as investor education tools. These platforms
create a simulated stock-market, which is like a practice net for
investors. The users can pick different virtual stocks to create
their portfolios. The prices of virtual stocks and subsequent gains
or losses are based on actual securities market data. The
participants who build the most profitable virtual stock portfolio
during a pre-determined period win. Fantasy stocks contests can be
paid or free. In paid contests, the participants pay an entry fee
to join the contest – which forms the
