From Polymarket in the US to Probo in India, Opinion Trading Platforms take off!

Jul 07, 2025

New Delhi, July 4, 2025 (ANI): Opinion trading markets or Prediction Markets - are platforms that allow users to trade on the outcomes of real-world events, and they are rapidly gaining traction globally. These platforms enable participants to trade on the probability of a wide range of outcome-driven events. From economic data releases and election results to sports outcomes and box-office collections, traders trade after predicting probable outcomes of these events. In the United States, platforms like Polymarket and Kalshi have emerged as leaders in this space, attracting millions of users and a roster of marquee investors. According to a Reuters report, Polymarket is reportedly in talks to raise USD 200 million in a new funding round that would value the company at more than USD 1 billion. The round is said to be led by Founders Fund, the venture capital firm founded by renowned technology investor Peter Thiel, marking a significant milestone for the sector. Further marking a significant endorsement, X Corp announced on June 6 that Polymarket would serve as its official prediction market partner. Closer to home, India's prediction market space is quietly gaining momentum despite regulatory ambiguity. Founded in 2021, Probo has emerged as one of the largest and most active event/opinion-based trading platforms in India. Probo has attracted a notable lineup of investors, including Fundamentum Partnership, Elevation Capital, and Peak XV Partners. Globally, prediction markets are being viewed more seriously by institutional investors as alternative tools for gauging probabilistic outcomes of key geopolitical and economic events.