India’s Enforcement Directorate froze ₹117.41 crore ($14.1 million) from online prediction platform Probo. The law enforcement agency targeted Probo Media Technologies Pvt. Ltd. and the director’s family members’ properties. Officials claim the platform ran gambling operations disguised as skill-based gaming.

Properties Frozen Under the Money Laundering Law

Gurugram Zonal Office executed the attachment on December 9 using the Prevention of Money Laundering Act (PMLA), 2002. Storyboard18 reports frozen assets contain fixed deposits, share investments, demand drafts, and bank balances. Several residential apartments belonging to promoters’ relatives got included in the order. These assets connect to crime proceeds from illegal betting activities, according to the agency. The provisional attachment blocks the company and associates from selling or moving assets during the investigation.

Charges Against the Probo Service

Probo Media runs the Probo app and website, where users predict yes or no answers. People answer questions about current events, sports matches, and market outcomes on the platform. Officials say the platform enabled betting disguised as online gaming. Probo falsely claimed to be a skill-based gaming platform, according to ED findings. Users bet money on uncertain results, which equals online gambling according to the investigators’ analysis. The company stopped operations in August 2025 after the Promotion and Regulation of Online Gaming Act, 2025, became law.

Police Complaints and Criminal Charges

Multiple FIRs in Gurugram, Palwal (Haryana) and Agra (Uttar Pradesh) triggered the money laundering investigation. Police filed cases under Bharatiya Nyaya Sanhita, 2023 and Public Gambling Act, 1867. Users complained about false promises of easy money through simple prediction questions. Complainants said they got tricked into participating in supposedly legal skill-based gaming. The platform’s structure constituted gambling, not lawful gaming, according to authorities.

Crime Proceeds and Money Tracking

Probo Media and promoters generated approximately ₹1,245.64 crore in crime proceeds per ED calculations. Financial investigators track fund movements from platform operations before regulatory shutdown. The agency examines investments, profits, and money transfers connected to the company. Officials identify recipients who received funds from alleged illegal activities.

Previous Raids and Asset Freezing

ED conducted searches on July 8 and 9, 2025, freezing ₹284.5 crore in assets. Fixed deposits and shareholdings got frozen under Section 17(1)(a) of PMLA during these operations. Three bank lockers were frozen in the July searches. Digital devices and documents relevant to the case were seized by investigators.

International Funding Investigation

Probo Media collected ₹134.84 crore through preference shares from Mauritius and Cayman Islands entities. This raises questions about fund round-tripping and foreign direct investment rule compliance. ED continues investigating to find more assets and examine foreign transactions. The agency works to determine the complete scope of alleged gambling and money laundering activities.