ED attaches opinion trading platform Probo's Rs 117 crore assets for allowing online gambling

The Enforcement Directorate’s Gurugram Zonal Office has provisionally attached movable and immovable assets worth Rs 117.41 crore belonging to Probo Media Technologies Pvt. Ltd. and family members of the company’s directors, intensifying its money-laundering probe into the prediction-market platform.

The attachment, carried out on December 9, 2025, covers fixed deposits, investments in shares, demand drafts and bank balances held in the company’s name, as well as apartments and flats registered in the names of relatives of Probo’s directors.

Probo operates the app and website “Probo”, which the agency has alleged functioned as an online gambling platform under the guise of online gaming. The ED’s investigation was initiated after multiple first information reports were registered against the company and its directors and promoters in Gurugram and Palwal in Haryana, and in Agra, Uttar Pradesh.

The FIRs were filed under various sections of the Bharatiya Nyaya Sanhita, 2023, and the Public Gambling Act, 1867. Complainants alleged they were cheated through schemes promising earnings from simple “yes or no” questions, which, according to investigators, in reality promoted gambling while being presented as skill-based gaming.

Based on these FIRs, the ED opened a probe under the Prevention of Money Laundering Act, 2002. The agency has said its investigation revealed that Probo falsely projected itself as a skill-based gaming platform, while actually operating a gambling service that defrauded users and generated illicit gains.

The criminal activities linked to the scheduled offences, allegedly carried out through the company’s directors and promoters, led to the generation of “proceeds of crime” estimated at around Rs 1,245.64 crore.

Earlier in the case, the ED conducted search operations on July 8 and July 9, 2025, at premises linked to Probo Media Technologies and its promoters. During these searches, investments in fixed deposits and shares amounting to Rs 284.5 crore were frozen under Section 17(1)(a) of the PMLA.

Following the promulgation of the Promotion and Regulation of Online Gaming Act, 2025, which prohibits online money gaming activities involving stakes or wagers, Probo stopped operations in August 2025.

The law brought an abrupt halt to several real-money gaming platforms and has since formed the backdrop for a wider enforcement push against companies accused of running gambling operations in the guise of gaming.

The action against Probo is part of a broader series of ED investigations into online gaming and betting platforms after the ban. In recent months, the agency has carried out searches, asset freezes and attachments across multiple cases, signalling a shift from regulatory oversight to forensic scrutiny of past business practices, fund flows and user-handling mechanisms in the sector.

The ED has said further investigation in the Probo case is under progress.