India is reportedly preparing to issue a lottery ticket exchange system, according to The American Conservatives.
According to a report from The Indian Express, Indian Prime Minister Narendra Modi is expected to announce a lottery exchange system on Tuesday.
This is likely to be the first of its kind in the world, with Indian authorities hoping to provide a new market to people in the country, according the newspaper.
It was recently reported that Indian authorities have ordered the government to open a lottery system in order to combat the growing number of counterfeit lottery tickets.
A similar system has been in place for more than two decades, but it has yet to catch on in the West.
In the United States, where tickets are sold on the secondary market, ticket exchanges have existed for years and are often a popular source of lottery revenue.
However, with the new system, Indians would be able to purchase tickets directly from the official ticket exchange portal, the report said.
In India, a lottery winner must deposit their prize in a bank account before it can be exchanged.
In order to make the process more seamless, a team of officials would oversee the transactions and monitor each individual transaction, the Indian Express said.