The company outlined that opinion trading, known globally as information or prediction markets, is a trusted tool for economics and goes beyond just entertainment.
“In India, opinion trading has been characterised as a game. However, in the United States, it has been regulated by the Commodity Futures Trading Commission as a Designated Contract Market. At its very core, opinion trading (prediction markets) is a tool for economic insight…that enables users to apply judgment, knowledge and analysis to real-world developments,” commented Anurag Dhandhi, Business Head at Probo, on the Bill’s potential impact.
“It is a nascent-yet-thriving sector globally that contributes to improving financial literacy, data-driven decision-making and strengthening the larger digital economy,” he added.
The Promotion and Regulation of Online Gaming Bill, 2025, was passed in the Lok Sabha on Wednesday. The Bill aims to boost e-sports and social gaming, while banning real-money gaming and online betting due to risks of addiction and financial harm.
