India, July 31 -- Zerodha co-founder Nithin Kamath has commented on the ongoing debate about India's options trading volume, claiming that the comparison between India and the United States is not only flawed but also misleading.

Kamath took a direct jab at America's gambling culture and stated, "Calling the US a gambling society wouldn't be unfair." He pointed out a recent $210 million wager on whether Ukrainian President Volodymyr Zelensky would wear a suit at the NATO summit.

"Gambling runs deep in American culture. From the stock market to sports, casinos, events, lotteries, prediction markets, and crypto, you can bet on anything," he added.

In a lengthy post on social media, Kamath argued that Indian markets are significantly less...