₹284 Crore Investigation Reveals Illegal Betting Scheme Behind Probo App
India's Enforcement Directorate (ED) has launched a major crackdown on illegal online gambling, exposing a large-scale betting operation tied to the "opinion trading" app Probo. The investigation has resulted in the freezing of assets totaling ₹284 crore, revealing a complex network of foreign funding and deceptive practices.
The Deceptive Facade
Probo marketed itself as a platform for "opinion trading," where users answered "yes or no" questions on various topics, such as sports outcomes. However, the ED determined that these questions functioned as games of chance, effectively making Probo an illegal betting platform.
Foreign Funding Trail
The investigation uncovered that Probo received ₹134.84 crore in funding from foreign entities, primarily from offshore locations like Mauritius and the Cayman Islands. Authorities are now examining these international financial connections.
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