Mechanism · OP
Opinion Markets
India-primary opinion-trading category · Yes/No contracts on sports, politics, weather, entertainment in INR. Subject to PROGA (May 2026) which classified them as 'online money games' and banned national real-money operation.
Also known as: Opinion trading · Fantasy + opinion hybrid
In plain terms
Trade your opinion on outcomes · primarily India's category of fantasy + binary opinion contracts on cricket, politics, weather, and pop culture in INR.
How it works
Centralized matching of Yes/No opinion contracts in INR, ₹0.5–₹9.5 price band, settles to ₹10/₹0. Fantasy + sports + opinion bundled into one app.
How to identify it
India-primary or India-only; INR-denominated; fantasy + opinion bundled in one product; 28% GST and PROGA Rules apply.
Common confusion
Functionally prediction markets, but PROGA (Promotion and Regulation of Online Gaming Act, effective May 1, 2026) classifies them as 'online money games' · banned nationally for real-money operation.
Platforms in this category (4)
- Probo · India's largest opinion-trading platform · DEFUNCT real-money (PROGA 2025 banned all money-based online gaming; founders' ₹284.5cr assets frozen Jul 2025 under PMLA)
- MPL Opinio · Predict cricket outcomes · defunct under PROGA 2025, MPL India workforce nearly all laid off Aug 2025
- SportsBaazi · Cricket-focused opinion-trading platform in India · IPL, World Cup, bilateral series. Suspended opinion trading nationwide June-July 2025 ahead of PROGA.
- PlayerzPot · Specialized cricket opinion-trading platform · player-performance markets. Defunct real-money under PROGA 2025 (already suspended in Haryana/Tamil Nadu June 2025 pre-PROGA).
Key references
- PROGA Rules · full text · May 1 2026
- ASCI Guidelines on opinion-trading apps