Probo is an opinion trading platform that allows users to invest in their viewpoints on various topics, including sports, entertainment, and finance, by placing trades based on real-world events. The platform provides a fast news feed and an exit feature, enabling users to manage their trades effectively while gaining insights into collective public sentiment.
Funding
$28M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Individuals often lack a platform to express and leverage their opinions on real-world events in a tangible way. Traditional news and information sources can be overwhelming and lack a mechanism for individuals to directly benefit from their knowledge and insights. There is a need for a platform that allows users to actively participate in and profit from their understanding of current events.
Solution
Probo is a platform that enables users to trade on their opinions regarding various topics, including sports, entertainment, finance, and economics. By predicting the outcomes of real-world events, users can buy and sell contracts, effectively investing in their viewpoints. The platform aggregates news from multiple sources and distills it into concise information, allowing users to form well-informed opinions. Probo also provides an exit feature that allows users to manage risk by exiting trades before the event's conclusion, maximizing potential profits and minimizing losses.
Target Audience
Probo targets individuals who are interested in current events, enjoy expressing their opinions, and seek opportunities to profit from their knowledge, particularly those with an interest in trading and investment.
Features
- Opinion trading on a variety of topics including sports, entertainment, economy and finance.
- Real-time event tracking and news aggregation to facilitate informed decision-making.
- Exit feature enabling users to manage risk and secure profits.
- Market orders for fast and reliable trade execution.
- User-friendly mobile application for both Android and iOS.
- Gamified experience with bonus incentives for new users.
- Community sentiment tracking to gauge collective public opinion.