Is Probo app safe?

Probo, an app that allows users to trade on their opinions about real-world events, has gained some traction. But with its focus on making money off predictions and the fact it’s not available on official app stores, questions arise about its safety and legitimacy.

This article discusses the concerns about the legality of Probo, the security considerations, is it safe to use and tips to stay safe.

Concerns about legality

Potential online betting: A key concern is Probo’s classification. An FIR (First Information Report) filed against Probo in Mumbai alleges it operates an online betting platform disguised as a fantasy game. This raises questions about its legality, especially under India’s gambling laws.
Missing from official stores: Probo’s absence from trusted platforms like Google Play Store or Samsung Galaxy Store is a significant red flag. Established app stores have vetting procedures to ensure user safety and security. Probo’s lack of presence on these platforms suggests it may not meet those standards.
Age verification concerns: There have been reports that Probo might not have robust age verification procedures. This is especially concerning, as it could potentially allow minors to gamble, which is illegal.

Security considerations

Limited guarantees: Probo’s terms and conditions downplay responsibility for security and accuracy. They state that they don’t guarantee the platform’s security or that results obtained through the app will be accurate. This lack of accountability is a cause for concern, especially when users are investing real money.
Limited user reviews: With very few user reviews available online, it’s difficult to gauge user experiences with the app. This lack of transparency makes it hard to assess the platform’s reliability and trustworthiness. However, we found out that Trustpilot has given Probo a 2.3-star rating, which is not good.

Is Probo safe?

Ultimately, whether or not to use Probo rests with you. However, you can make a more informed choice by being aware of the potential legal and security risks. Consider exploring safer alternatives and prioritise using established platforms with clear terms and conditions.

Tips to stay safe

Here are some tips to stay safe:

Seek reputable platforms: There are numerous legitimate online games and investment platforms in India. Conduct thorough research and choose a well-established option with a proven track record.
Avoid unofficial app stores: Downloading apps from untrusted sources can expose you to malware and security vulnerabilities. Always stick to official app stores whenever possible.
Be wary of promises that sound too good: If an app promises high returns with minimal effort, approach it with scepticism. Genuine investment and financial products typically involve some level of risk and require a well-informed approach.