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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.
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