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§ Private Profile · Gurugram, India
A real cash prediction market platform for Indian users to trade opinions on real-world events like sports, politics, and crypto.
Better Opinions has raised $4.0M across 2 funding rounds.
Key people at Better Opinions.
Better Opinions was founded in 2021 by Soumyajit Das (Founder) and Samay Jain (Founder).
Better Opinions has raised $4.0M in total across 2 funding rounds.
Better Opinions is a real-money prediction market and event trading platform based in Gurugram, Haryana, India. The mobile application allows retail users to trade financial contracts based on the future outcomes of real-world events across diverse categories, such as professional sports, domestic politics, global cryptocurrency markets, and entertainment. Operating with a core team of 12 employees, the platform generates revenue by charging trading commissions and has facilitated over Rs 10 crore in total transaction volume. The company rapidly scaled its consumer base, accumulating more than 600,000 registered users within its first year of commercial operations. To support product development and marketing, the enterprise has secured $3.5 million in total early-stage venture capital funding, backed by prominent institutional investors including Y Combinator, Metaplanet VC, and Soma Capital. Better Opinions was founded in 2021 by Samay Jain and Soumyajit Das.
Key people at Better Opinions.
Better Opinions has raised $4.0M across 2 funding rounds. Most recently, it raised $3.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $3M Seed | — | Btov Partners, Converge Venture Partners, Metaplanet, Project A Ventures, Reiner Mauch, Rauno Miljand, Original Capital, Super Capital, Taurus Ventures, Tremis Capital, Y Combinator | Announced |
| Feb 10, 2022 | $1M Pre Seed | — | Chinmaya Sharma, Mayank Kumar, Pratyush Prasanna, Sudhanshu Raheja, Vivek Ranadive, Vinod Shankar, Soma Capital, Y Combinator | Announced |
Better Opinions is an Indian prediction market platform that enables users to trade opinions on real-world events, functioning like a "stock market for opinions." It serves a digitally native, knowledge-driven user base interested in forecasting outcomes across sports, politics, economics, and entertainment. The platform addresses the problem of aggregating collective intelligence to produce more accurate predictions by incentivizing skillful analysis rather than chance. Better Opinions has gained traction amid India's growing appetite for skill-based digital engagement, contributing to the emerging opinion trading ecosystem that now counts tens of millions of users and billions in transaction volume[1][3].
Founded in the early 2020s, Better Opinions emerged alongside other Indian platforms like Probo, capitalizing on India's scalable digital infrastructure and a culture that values analytical engagement. The founders leveraged the idea that prediction markets could democratize forecasting by allowing users to back informed predictions, creating a virtuous cycle of improved market accuracy as more skilled participants join. Early traction was marked by rapid user adoption and engagement with diverse event contracts, despite operating in a regulatory grey area where the distinction between skill-based trading and gambling remains contested[1][3][4].
Better Opinions rides the wave of India's digital upskilling and the rise of skill-based gaming formats. The timing is critical as India’s vast internet population and analytical culture create fertile ground for mass adoption of prediction markets, potentially positioning India as a global leader in this emerging asset class. Market forces such as increasing investor interest, technological advancements in data analytics, and evolving regulatory frameworks are shaping the sector. Better Opinions influences the broader ecosystem by demonstrating the viability of opinion trading as a new form of digital engagement that blends gaming, finance, and data-driven decision-making[1][2][4][6].
Looking ahead, Better Opinions is poised to expand its market presence as regulatory clarity improves, which will be pivotal for scaling and investor confidence. Trends such as integration with broader fintech services, enhanced AI-driven analytics, and deeper community engagement will likely shape its evolution. The platform’s influence may grow beyond India, contributing to the global prediction market narrative by showcasing a scalable, skill-based model rooted in a large, digitally savvy population. Its journey underscores the intersection of innovation and regulation in shaping India’s digital economy frontier[2][6].
Better Opinions exemplifies the shift from mere opinion sharing to opportunity creation through prediction markets, reflecting a broader transformation in how information and collective intelligence are monetized and leveraged in India’s digital landscape[1].
Better Opinions was founded in 2021 by Soumyajit Das (Founder) and Samay Jain (Founder).
Better Opinions has raised $4.0M in total across 2 funding rounds.
Better Opinions's investors include btov Partners, Converge Venture Partners, Metaplanet, Project A Ventures, Reiner Mauch, Rauno Miljand, Original Capital, Super Capital, Taurus Ventures, Tremis Capital, Y Combinator, Chinmaya Sharma.
