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What is the historical and cultural significance of "Sattaking" in India?

Sattakings: "Sattaking" holds a unique position in India's gambling landscape, deeply intertwined with its historical and cultural fabric. Originating in the mid-20th century, "Sattaking" emerged as a form of lottery or betting game primarily based on wagering on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange. Over time, this practice evolved to encompass betting on various other outcomes, ranging from sports events to political elections.

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