Set between the years 1958 and 1982, Matka tells the story of Vasu, a young man who rises from poverty and struggles to educate himself to create a powerful gambling empire in India. Through his relentless focus on innovation and ruthless betting exchanges, Vasu inspires loyalty and passion among his team of gamblers, analysts, and salespeople. Ultimately, his empire becomes a beacon of hope for people struggling to keep their dreams alive in the face of overwhelming adversity. However, his success also attracts the unwanted attention of the law, leading to a tense and thrilling battle between Vasu's empire and the government, as both sides grapple with the morality of his actions and their own ambitions.