Ans: The origins of Matka date back 50 years to April 2, 1962, when a Gujarati entrepreneur named Kalyanji Bhagat launched Worli Matka from his home. At the time, Ratan Khatri was working with Kalyanji, but he eventually parted ways to establish his own matka operation. Khatri introduced Main Bazar matka, which featured some innovations and soon gained traction in the market, ultimately giving rise to multiple matka markets.