With time, the game expanded beyond cotton rates to include betting on various other factors, such as the opening and closing rates of other commodities, stock markets, and even random numbers. Initially, the bets were placed on the variation of cotton rates, which were transmitted from the New York Cotton Exchange to Mumbai via teleprinters. He started the practice of offering bets on the opening and closing rates of cotton traded on the New York Cotton Exchange. The origins of Satta Matka can be attributed to a man named Kalyanji Bhagat, who was a farmer from Gujarat.
