ilmscore | This Indian Market Is Out of Control – Crypto Could Be Next!

Predictions from this Video

Total: 22
Correct: 15
Incorrect: 3
Pending: 4
Unrated: 0
Prediction
Topic
Status
In 2024, India dominated global equity options volume, exceeding even the US market.
"By 2024, India accounted for 89% of all global equity options volume, more than the US and indeed more than any other market on Earth."
Indian Stock Market
Correct
The notional value of index options traded on India's NSE more than doubled to over $900 trillion by 2024.
"By 2024, the notional value of index options traded on the NSE had soared past $900 trillion, more than double the previous year."
Jane Street
Correct
Jane Street reportedly made approximately $4.3 billion in profits from Indian trading between January 2023 and March 2025.
"Altogether, it netted Jane Street an estimated $4.3 billion in profits from January 2023 to March 2025."
Jane Street
Pending
SEBI accused Jane Street of intraday index manipulation in July 2025.
"In July 2025, the Securities and Exchange Board of India or SEBI accused Jane Street of quote intraday index manipulation."
Jane Street
Correct
SEBI froze Jane Street's accounts and ordered $566 million of alleged illegal profits into escrow following manipulation accusations.
"Sebie responded by freezing Jane Street's Indian accounts and ordering $566 million in alleged illegal profits into escrow."
Jane Street
Correct
Over 90% of Indian retail futures and options traders lost money in the past year, with total losses reaching $12.5 billion, a 41% increase from the prior year.
"According to SEBI, more than 90% of retail futures and options traders lost money last year with combined losses totaling about 12.5 billion, a 41% jump from the year before."
Indian Retail Traders
Pending
In 2024, India led the global crypto adoption index with over 115 million users and received $143 billion in crypto value, ranking second globally.
"As of 2024, India topped Chain Analysis's global crypto adoption index with more than 115 million estimated users and nearly 143 billion in crypto value received in the prior year, second only to Indonesia for total value received."
Indian Crypto Adoption
Correct
The 2025 Indian union budget mandated that all crypto traders file a detailed schedule VDA reporting every transaction.
"India's 2025 union budget that is the country's annual federal budget kept all these tax rules in place and for the first time requires every crypto trader to file a detailed schedule VDA reporting every single transaction to the tax authorities."
Indian Crypto Taxation
Correct
Unreported crypto income in India faces a 60% tax rate plus up to 200% in penalties.
"Any unreported crypto income discovered during a tax investigation can be taxed at 60% plus penalties of up to 200% of the tax owed."
Indian Crypto Taxation
Correct
Over 5 million Indian crypto users migrated to offshore platforms in the year after the TDS implementation.
"Studies estimate that more than 5 million Indian users moved to offshore platforms in the year following the TDS rollout."
Indian Crypto Users
Correct
In 2024, India's youth and tech talent contributed 12% of global open-source crypto development, placing them second only to the US.
"The country's youth and tech talent are leading the way in web3 developer activity, contributing nearly 12% of global open-source crypto development in 2024, second only to the US."
Indian Crypto Development
Pending
Industry groups are proposing the 2025 Coins Act, advocating for a dedicated crypto regulator, fairer taxes, and digital rights such as self-custody in India.
"Industry groups are proposing big changes like the 2025 coins act which calls for a dedicated crypto regulator, fairer taxes and digital rights like self-custody."
Indian Crypto Regulation
Correct
India's central bank digital currency, the digital rupee, has seen successful adoption with over 5 million users.
"India's digital rupee. The Indian central bank's CBDC is already used by over 5 million people and unlike many other countries attempts to push CBDC's in India digital rupee adoption actually seems to be working."
Indian Digital Rupee
Incorrect
Bybit integrated support for the digital rupee in 2024, indicating real demand beyond official promotion.
"Bybit even added support for the digital rupee in 2024 which shows there's genuine demand beyond government propaganda."
Bybit
Correct
Global regulatory shifts and the migration of trading volumes to other regions are increasing pressure for policy changes in India's crypto market.
"As we've seen in the US, things can change quickly. India may not have an imminent national election to spark a policy shift. Yet, as global crypto regulations evolve and trading volumes increasingly moved to Dubai, Singapore, the US, and elsewhere, pressure for change at home is mounting."
India's Crypto Market
Correct
In 2024, India had over 115 million crypto users, ranking first globally in adoption and second in total crypto value received ($143 billion).
"As of 2024, India topped Chain Analysis's global crypto adoption index with more than 115 million estimated users and nearly 143 billion in crypto value received in the prior year, second only to Indonesia for total value received."
BTC
Correct
In 2024, Indian developers contributed 12% of global open-source crypto development, ranking second only to the US.
"The country's youth and tech talent are leading the way in web3 developer activity, contributing nearly 12% of global open-source crypto development in 2024, second only to the US."
BTC
Correct
India's central bank's digital currency (CBDC), the digital rupee, has been adopted by over 5 million users.
"India's digital rupee. The Indian central bank's CBDC is already used by over 5 million people and unlike many other countries attempts to push CBDC's in India digital rupee adoption actually seems to be working."
INR
Incorrect
Bybit integrated support for India's digital rupee in 2024, indicating demand beyond official promotion.
"Bybit even added support for the digital rupee in 2024 which shows there's genuine demand beyond government propaganda."
BIT
Correct
Indian crypto traders are moving to offshore exchanges, facing risks of scams and difficulties repatriating profits.
"Many traders have already shifted to offshore exchanges, but that brings new risks like scams, frauds, and headaches repatriating profits at the institutional level."
BTC
Pending
India has a clear demand and eager user base for digital assets, with hope for future regulatory clarity to establish it as a global powerhouse.
"There's clear demand and an eager user base ready for the country to become a global powerhouse in digital assets. Let's just hope that if it happens, it's under real regulatory clarity."
BTC
Incorrect
India's equity options market volume in 2024 surpassed all other global markets combined.
"By 2024, India accounted for 89% of all global equity options volume, more than the US and indeed more than any other market on Earth."
India's Stock Market
Correct
Jane Street allegedly profited $4.3 billion from trading in India between January 2023 and March 2025.
"it netted Jane Street an estimated $4.3 billion in profits from January 2023 to March 2025."
Jane Street in India
Pending
Over 90% of Indian retail futures and options traders lost money in the year prior to the video, with total losses increasing by 41% year-over-year.
"According to SEBI, more than 90% of retail futures and options traders lost money last year with combined losses totaling about 12.5 billion, a 41% jump from the year before."
Indian Retail Traders
Pending