Platform · Opinion Markets
MPL Opinio
Predict cricket outcomes · defunct under PROGA 2025, MPL India workforce nearly all laid off Aug 2025
- Mechanism
- Opinion Markets
- Status
- Defunct
- Founded
- Opinio launched ~2023 as a feature of MPL super-app (parent MPL founded 2018)
- Market types
- Binary · Sports
- Audience
- Retail · Sports
- Website
- www.mpl.live
Pricing mechanism
Centralized matching
Settlement
Centralized operator
Strengths
- Parent MPL still active outside India (US, MENA expansion) · distribution muscle survives the Indian shutdown
- Existing 120M MPL global user base means re-launch of Opinio in another jurisdiction is operationally trivial
- Cap table strength · ~$401M raised across Peak XV, Times Internet, Google, Composite Capital
Weaknesses
- Real-money operations defunct in India under PROGA
- Mass India layoffs Aug 2025 broke product/engineering continuity
- Parent MPL valuation marked down materially from $2.3B peak to $1.5-2.3B range
- Cricket-only surface · narrower than Probo's diversified opinion-trading offering
About this mechanism
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.