Community › Forums › Legal Advice India › Lawyers here, please enlighten me on this. Is Opinion Trading legal in India?
- This topic has 15 replies, 5 voices, and was last updated 1 year, 3 months ago by
User_e50d342e.
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FFiercerekha7982
PARTICIPANT
March 12, 2025 at 4:12 pmOk, so recently I came across an app named βProboβ [CAN I BE SUED FOR NAMING THE APP?]. Now, the thing is, you need to make yes/no predictions based on skill, that’s what THEY say. And then? If you win, you get profits.The bigger picture is, I’ve started to earn a lot from it recently, my profit-to-loss ratio is 83%, almost every trade I buy at low price, I win it. But, after all, what proves that βit requires skillβ to know who will win the match? who will score more fours? LIKE WTF? HOW WILL YOU PREDICT NO. OF RUNS IN AN OVER WITH SKILL? WOW. And they also have this, who will have more strike rate, thing. Really? Isn’t it pure betting? I mean, I’ve never betted in my life but isn’t making predictions and risking money on it to win more, the simple definition of it?
Also, they gave football, basketball, and other options like YouTube views, like this video will reach this amount of views by AB:XY am, or not?Oh, this is easy, check last 5 minute stats from last 30minutes, and boom, easy peasy. NOO! Sometimes, the views fluctuations are 10k (1) , 31k (2) , 11k (3) , 15k (4) , 3k (5) , 19k (6) , 27k (7).
By (x), where x=number, I mean to say that first batch of 5 minutes, then next 5 minutes and more. The fluctuations are usually unpredictable, as sometimes, there are 0.00k views added in 5 minutes, because YouTube doesn’t updates views on time.So? Any queries on how it works, or something, please ask me. And do let me know, game of skill or chance? It’s 70% chance only, I can be wrong.
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AAparnastar251
PARTICIPANT
March 12, 2025 at 4:44 pmScam-
FFiercerekha7982
OP
March 12, 2025 at 4:45 pmWell, I mean it’s there since 2019. They charge 20% commissions on profits and when I withdraw money, they deduct TDS for its definitely very sus, not because they’ll be a scam, but because it seems like clear betting.
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MMightywolf347
PARTICIPANT
March 12, 2025 at 6:52 pmIt falls under a grey area like Dream11. I personally think it’s illegal but these companies have deep pockets -
SSonaliknight376
PARTICIPANT
March 15, 2025 at 3:00 pmThe way they operate is, using the loop hole of no law available that says it’s illegal-
FFiercerekha7982
OP
March 15, 2025 at 3:02 pmBut isn’t it just betting? I mean any sane person can know, NO ONE CAN PREDICT a simple thing like no. of views. I have chatgpt+ subscription and even that can’t predict accurately even for once, then leave which team will win and what will be the price of Bitcoin. It’s laughable, honestly.-
SSonaliknight376
PARTICIPANT
March 15, 2025 at 3:41 pmFunny thing, offline betting is illegal and online is not-
UUser_e50d342e
PARTICIPANT
March 27, 2025 at 5:48 amIts not true because lots of bank account freeze who plays online betting.-
SSonaliknight376
PARTICIPANT
March 27, 2025 at 9:48 amEvery website has the option to fund the account via Paypal or other wallet, users can take this route to bypass the issue-
UUser_e50d342e
PARTICIPANT
March 27, 2025 at 10:42 amTrue but still withdrawing in bank is dangerous
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UUser_e50d342e
PARTICIPANT
March 27, 2025 at 10:43 amCan you tell me whats your winning strategy ?-
FFiercerekha7982
OP
March 27, 2025 at 10:47 amI’m watching cricket since 9+ years so I easily predict runs in session, like 2over, 3over, 4over and so on.8-9/10 times I’m right about it. For YouTube, now I’m not just looking for 3-4 trends but I see if there’s a pattern in 4hour trends and usually, there is some pattern. Prediction of next view candle isn’t easy but it always goes right when a general trend is followed without discrepancy. I sometimes buy at low rate because I somehow predict that this video will/will not reach these views by the simple graphs they give, but ~2-5% I can be wrong and in loss too.
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FFiercerekha7982
OP
March 27, 2025 at 10:49 amYesterday only, rr vs kkr, I made 17k from sessions, but you can call it good luck because it’s really not VERY predictable. I don’t call it a very hard earned skill because after all, it’s prediction-? But I’m doing this because no one can predict the stocks too, I heard some big traders and they call is a little gamble too, so why not gamble where I win 90-95%.-
UUser_e50d342e
PARTICIPANT
March 28, 2025 at 3:41 amNice and How do you make your investments?-
FFiercerekha7982
OP
March 28, 2025 at 3:43 amAs in? Elaborate your question please-
UUser_e50d342e
PARTICIPANT
March 28, 2025 at 4:34 amOk So, you must have to invest/bet huge amount for such a small return, right? Then what if thereβs a sudden loss?
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