Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
State cracks down on opinion trading apps
The New Indian Express Villupuram
|May 30, 2025
Online gaming authority sends notices to 15 firms, including Probo, MPL, SportsBaazi; a few shut operations in TN
ABOUT four weeks after the Tamil Nadu Online Gaming Authority (TNOGA) sent show cause notices to 15 firms running opinion trading apps, a few of them have stopped offering their services in Tamil Nadu, while others are expected to soon follow suit, official sources said.
Opinion trading application, better known as prediction markets, is a relatively new concept to India in which users are allowed to place bets on the outcomes of future events, not restricted to sport alone.
According to a senior official, these opinion trading applications, although operate on similar lines as any other betting applications, they use the terminology of "shares" for the payout instead of money.
This story is from the May 30, 2025 edition of The New Indian Express Villupuram.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Villupuram
The New Indian Express Villupuram
TAKE AI’S HELP FOR SPEEDY JUSTICE
EW phrases encapsulate the despair of the Indian litigant more powerfully than Sunny Deol's anguished outburst in Damini: \"Tareekh pe tareekh\" (hearing after hearing).
3 mins
October 24, 2025
The New Indian Express Villupuram
Trump factor leads PM to duck Malaysia trip, says Cong
THE Congress on Thursday claimed that the reason for Prime Minister Narendra Modi not travelling to Malaysia for the Asean summit was that he does not want to be cornered by US President Donald Trump.
1 mins
October 24, 2025
The New Indian Express Villupuram
More girls in govt-run CBSE schools, says secy
IT is crucial that society invest more in the education of the girl child, according to the Union Secretary of Education and Literacy, Sanjay Kumar.
2 mins
October 24, 2025
The New Indian Express Villupuram
'We have come far, but the digital divide still exists'
India's smartphone market may be approaching a saturation point but there is still room for innovating products to grow, says Madhav Sheth, CEO of Ai+ Smartphone and founder of NxtQuantum Shift Technologies, in an interaction with TNIE's Rakesh Kumar. Excerpts:
3 mins
October 24, 2025
The New Indian Express Villupuram
AI speeds up HR verification processes
ARTIFICIAL intelligence (AI) has transformed the way human resources firms do background verification and onboarding.
1 mins
October 24, 2025
The New Indian Express Villupuram
High on drugs, Indian-origin truck driver kills three in US crash; held
A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.
1 mins
October 24, 2025
The New Indian Express Villupuram
U’khand village puts cap on wedding expenses
TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.
1 mins
October 24, 2025
The New Indian Express Villupuram
Kohli’s twin failures, Sharma’s fifty talking points in India’s loss
IT'S hard to find context in an ODI bilateral series with no major events scheduled in that format for the next two years.
3 mins
October 24, 2025
The New Indian Express Villupuram
IF YOU LOVE MAKING VIDEOS
HERE ARE 5 GADGETS YOU SHOULD OWN
2 mins
October 24, 2025
The New Indian Express Villupuram
321kg gold smuggled through 7 main routes seized in 10 months, says DRI
THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.
1 mins
October 24, 2025
Listen
Translate
Change font size