[whitexn--g28h]

The majority of counterparties were regular citizens, who did not understand that what Jane Street was doing was even possible.

Money is debt, you can’t make it without someone else owing it. Taking billions in profits from India’s stock market is pretty straightforward, millions of Indians lost their savings.

[infecto]

You’re not entirely wrong. India does have a problem with gambling and especially in Bank Nifty. I think something like 50% of options volume is retail, which is wildly high. Just because there is a gambling problem does not make it “pretty straightforward”. The courts will hopefully figure it out to their local pleasing.

Edit: I don’t think my point was clear. If you are going to allow retail in the options market, you should also be ok with sophisticated actors participating in it.