Raghu Kumar, co-founder, RKSV Securities, a Mumbai-based discount broker, said, “Some brokers in the US offer virtual money contests to encourage investor participation. But with live accounts and real money, it almost amounts to gambling.” A contest that induces you to risk money with a potential to lose more than you win, can be looked at as a wager.

Raghu Kumar

Raghu Kumar

Raghu loves trading, algorithms, and figuring out ways to beat the market. He enjoys workouts, naps, food, listening to Carnatic music, teaching his dogs (pug named Zenzi and Shih Tzu named Cactus) cool tricks, and spending time with family and friends.A list of his authored articles on NDTV Profit can be found at http://profit.ndtv.com/topic/rksv