Informative

ED raids opinion trading platform Probo, seizes assets worth Rs 284 Cr

Update / Judgement Date

11 Jul 2025

Source

Entrackr

Author

Team — WCP Legal Desk

Reading Time

1 min read

Money Laundering (PMLA)Other Legal Matters

The Enforcement Directorate (ED) has raided the opinion trading platform Probo and seized assets worth ₹28.4 crore. This action indicates a serious investigation into the platform's operations, likely related to alleged violations of financial regulations or anti-money laundering laws. Opinion trading, which often involves predicting outcomes of events, can sometimes blur the lines with betting or gambling, leading to regulatory scrutiny. The seizure of assets underscores the ED's resolve to crack down on financial irregularities and illicit money flows within the online trading and betting ecosystem.

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ED raids opinion trading platform Probo, seizes assets worth Rs 284 Cr

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