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Probo, an opinion trading platform with over 34 million users, has appointed Shimal Kapoor as its Head of Policy as India’s skill-based gaming sector draws closer scrutiny from regulators. The company said Kapoor’s appointment signals its intent to play a more active role in shaping the regulatory discourse around a category that blends entertainment, prediction markets, and real-money gaming.
In her new role, Kapoor will lead Probo’s engagement with policymakers and government institutions as the company seeks to deepen its institutional credibility and establish itself as a thought leader in the emerging policy landscape. Her hiring comes at a time when India’s gaming policy is undergoing flux, with central and state-level authorities mulling frameworks for oversight, taxation, and consumer protection across various sub-categories of online gaming.
Prior to joining Probo, Kapoor held policy and legal leadership roles at global and domestic institutions including Meta, the World Bank Group, and law firm Shardul Amarchand Mangaldas. She holds a master’s degree in public policy from Harvard Kennedy School and a law degree from the National Law School of India University, Bengaluru.
“India’s skill-based gaming sector is at an inflection point, driving both digital innovation and economic value,” Kapoor said in a statement. “Probo has quickly become the top choice for opinion trading, and I am excited to bring my experience to the table, helping deepen Probo’s connections with stakeholders, and cement its position as one of the leading players in the market.”
Founded in 2021, Probo enables users to speculate on the outcome of real-world events in sports, politics, and entertainment. The platform positions itself as a skill-based offering rather than a game of chance, allowing users to trade their views for potential gains. This model has drawn regulatory interest in India, where the Ministry of Electronics and IT has issued advisories on real-money gaming platforms.
Probo is backed by venture capital firms, including Peak XV Partners, Elevation Capital, and Fundamentum, the fund co-founded by Nandan Nilekani.
Ashish Garg, co-founder of Probo, said Kapoor’s arrival was timely. “Her diverse experience of tackling regulatory challenges with agility, and strengthening brand reputation makes her a perfect fit for our growth trajectory and vision,” he said.
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