India, May 1 -- Informal, underground betting markets in places such as Phalodi, Delhi and Mumbai have reacted to the just-concluded 2026 Assembly elections and the exit polls, released on April 29-30, with results due May 4, 2026. Phalodi Satta Bazar in Rajasthan is the most watched, but Delhi and Mumbai markets also carry influence.

According to an insider, the underground betting market in Phalodi, which gave lead to Trinamool Congress (TMC) before polling has now revised its estimate of the seats that the BJP may win in West Bengal. Its latest revision gives BJP 150-152 seats and 137-140 seats to the TMC. The markets have also weakened odds for Mamata Banerjee's Bhawanipur seat.

The general trend in underground betting markets has l...