Matka Begin 50 years back on 2nd april 1962 by Kalyanji Bhagat a businessman from Gujrath.Kalyanji Bhagat is considered to be the father of matka gambling because he was the first person to coin the term “Satta Matka”. During the initial days kalyanji bhagat was accepting bets from all over the country on the opening and closing rates of the cotton traded on the New York wholesale market.In the Mid 90’s New York Stock Exchange stopped the practise of transmitting cotton rates to Bombay cotton exchange.