Tech used by casinos in Las Vegas may help Sebi tackle insider trading

The artificial intelligence (AI) systems that helped Las Vegas casinos to keep away tricky gamblers may soon come to help Securities and Exchange Board of India (Sebi) in its crackdown on insider trading, a media report said on Tuesday.

According to the Economic Times report, Sebi is in talks with a top US-based AI provider to purchase such a system.

“The company has given a live demonstration to Sebi a few weeks ago as to how the software will work and about the customisations possible on the platform,” the ET quoted a person in the know. If the deal goes through, the firm will customise the software as per Sebi requirements.