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Matka originated as a game called Ankadar Jugar, when people would bet on the closing price of cotton in the New York stock exchange. It became popular in the 1970s when Rhatan Khatri ran the matka racket in Mumbai. He was known for his honesty and had the daily cards drawn by well known celebrities or sometimes random members of the public. His relations with high society gave him credibility and there was a campaign to make him Prime Minister after the death of Indira Ghandi.

Matka originated as a game called Ankadar Jugar, when people would bet on the closing price of cotton in the New York stock exchange. It became popular in the 1970s when Rhatan Khatri ran the matka racket in Mumbai. He was known for his honesty and had the daily cards drawn by well known celebrities or sometimes random members of the public. His relations with high society gave him credibility and there was a campaign to make him Prime Minister after the death of Indira Ghandi.

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