Worli Matka was started in 1962 by Kalyanji Bhagat who was a farmer from Gujarat
This matka still runs for seven days, that is, money is invested in this game for seven day
New Worli Matka was started by Ratan Khatri in 1964 with slight changes in the rules of Satta Matka
Any kind of gambling is considered illegal in India, but despite this, the business of Matka continued on a large scale in Mumbai.
During that time, there was speculation about the opening and closing of cotton prices on the New York Cotton Exchange
This gambling was played by putting slips in the pot, hence it is called 'matka gambling'.
Khatri worked with Kalyan Bhagat in the initial days but started his own 'Ratan Matka' shortly after
The matka, in which a lot of slips were put, was so popular among the people that its daily turnover reached up to one crore. The game of betting is being played in Mumbai since the British era.
In the 1960s, Matka caught the attention of the youth of Mumbai and it was also very popular. Over the decades, people were addicted to matcha. The death of Khatri has created a stir in the betting market.