The Kalyan Matka game originates from Mumbai, India, and is based on the lottery system. Matka, in essence, is a form of betting that began during the 1960s, when people placed wagers on the opening and closing rates of cotton that was shipped from the New York Cotton Exchange to the Bombay Cotton Exchange. The game evolved over time, with the infamous 'Kalyanji Bhagat,' the game's namesake, introducing the Kalyan Matka in 1962.

Ref. Link: https://tinyurl.com/5n7ch3kd