Ratan Khatri
Ratan Khatri is an Indian bookmaker credited for creating and transforming an indigenous form of gambling known as matka gambling in India into a nation-wide betting racket from the 1960s-1990s.
He was born in Karachi in Sindh, Pakistan and came to Mumbai during the 1947 Partition of India.
Famous for his Matka King sobriquet, he was first inspired by the local past-time of betting on the opening and closing rates of cotton rates transmitted from the New York Cotton Exchange to Mumbai's Cotton Exchange area. He formed his own syndicate whereby three numbers were drawn twice daily and this came to be known as the earliest form matka gambling.
He was born in 1932 and died on May 9, 2020.
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Ratan Khatri[edit]
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