The Enforcement Directorate (ED) Gurugram Zonal Office has attached Rs 117.41 crore worth of assets belonging to Probo Media Technologies and the family members of its directors, escalating its money-laundering probe into the prediction-market platform. The attachment covers a mix of movable and immovable assets, including fixed deposits, investments in shares, demand drafts, bank balances held in the company’s name, as well as apartments owned by relatives of Probo’s directors.
Notably, this action forms part of a wider series of ED investigations into online-gaming companies following the government’s ban on real money gaming (RMG) under the Promotion and Regulation of Online Gaming Act (PROGA) earlier this year.
The law prohibits games that involve staking money and wagers and brought an immediate halt to the operations of many platforms, including Probo.
Why Is the ED Investigating Probo?
ED’s investigation into Probo began after multiple FIRs were registered in Gurugram, Palwal (Haryana) and Agra (Uttar Pradesh) under various sections of the Bharatiya Nyaya Sanhita and the Public Gambling Act.
Complainants alleged that the company cheated them by presenting a scheme to earn money through simple “yes or no” questions, while in reality promoting gambling under the guise of skill-based gaming. These FIRs formed the legal basis for ED to open a money-laundering probe.
From there, the agency says its inquiry revealed a broader pattern of deception. Investigators found that Probo falsely projected itself as a skill-gaming platform but actually operated a gambling service, enabling it to defraud users and generate what ED calls “proceeds of crime” amounting to roughly Rs 1,245.64 crore.
Because these activities stemmed from scheduled offences attributed to the company’s directors and promoters, ED argues that they fall squarely within its remit under the Prevention of Money Laundering Act (PMLA).
Additionally, during July 2025 search operations, the agency froze Rs 284.5 crore in fixed deposits and shares linked to the company, after tracing financial movements consistent with money laundering.
ED Action Against RMG Companies
Since the government’s RMG crackdown, the ED has widened its net, repeatedly targeting platforms it suspects of converting gaming into illicit betting and money laundering proceeds. In November, the ED raided offices linked to WinZO, Pocket52, and Gameskraft, seizing devices and data and probing allegations that app algorithms were manipulated to rig outcomes, while also tracing suspected crypto and cross-border flows.
Similarly, investigators moved against GamesKraft after they allegedly parked customer funds in escrow accounts to the tune of Rs 30 crore; the ED froze several of these accounts and flagged Rs 18.57 crore as suspected proceeds held by Pocket52 and GamesKraft.
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Moreover, the ED’s Mumbai office attached roughly Rs 307 crore in assets…
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