Develop Opinion Trading App Like MPL Opinio

In today's era of trading, there are constant shifts in the functionalities of the methods of trading. The deciding factor for a trader while choosing a trading platform are reliability and user-friendliness. Many trading players have entered the market with different tools and features, amongst which few of them have trading programs that lead to trader’s success as the markets are changing rapidly. With the introduction of online apps and mobile trading, the competition has increased. They all aim at meeting the differentiated needs of the trader worldwide.

Additionally, a newcomer, who has just entered into the world of trading, or an experienced trader, with a vast experience in trading, they all assess a platform where all the functional expectations of trading can be met. In this blog, we will focus on how to develop trading App like MPL Opinio.
 

What is An Opinion Trading App?

An Opinion Trading App like MPL Opinio lets you trade your thoughts on all sorts of scenarios, from predicting the winner of a big game to what is going to be the next big economic trend. There is a trading of opinion where you can buy and sell your opinions on different events, just like stocks trading, and potentially make financial profits if the predictions are right.

In simple terms, the user is investing in their own prediction about future possibilities of an event. The apps give you access to different information and analytics on a certain event to help you make your predictions, and you can share your opinion with other users.

This is an innovative way to make money online, and it is completely based on your knowledge and ability to predict the future possibilities of an event. You can compete with other users on the platform, ask a variety of questions about events, and make predictions on different topics. It's a user-friendly and interactive way to turn your opinions into profits.]

How Does Opinion Trading Apps Work?

Basically, an opinion trading app like MPL Opinio is the idea of using your knowledge, understanding, and instincts to invest in your opinions regarding the possible outcome of events or their probability. For example, if you believe India gets a win over Australia in a cricket match, you can buy an opinion that says "India will win" for a certain amount of money. If your predictions come true, you can sell your opinion later on for a higher price and make money. On the other hand, if you decide to sell your investment before the event is over, you can lose money due to your incorrect forecasts.

Opinion trading apps have various features and advantages mentioned below:

• They offer quick transactions, a user-friendly interface, updated data, and expert guidance.
• They provide a trading platform for a variety of games and markets, including sports, entertainment, movies, stars, award shows, and election-related trends.
• Make it easy for you to connect with friends and ask them to share their opinions.
• You can improve the level of general knowledge, analytical skills, and understanding of finance.
• As they are governed and licensed, fair and transparent trade practices are ensured, creating a safe and transparent atmosphere for players in the market. By ensuring compliance to set standards, this monitoring promotes transparency and fairness while safeguarding the interests of investors.

An Overview of MPL Opinio Trading App

On the MPL app, the largest online gaming platform in India, users can engage in the experience-driven, expert opinion-based game MPL Opinio. There are several fantasy cricket types of questions in the app.

MPL Opinio provides plenty of cricket matches along with questions on current IPL, World Cup, T20, and various other tournaments. Users select the price range of a trending price set and submit responses in these contests.

A possible question may be, "Will Virat Kohli be able to score more than a half century in today's match?" for reference. The customer has the option to select Yes or No and choose a value between Rs. 1 and Rs. 10. Based on the market price and the value of the investment amount, the user will make money if they offer the right response.
 

Key Features of MPL Opinio: 

• Opinion trading on Opinio is a legal and safe method to make money off of your cricket knowledge.
• It protects your personal and financial data by complying to all legal and regulatory standards. 
• There are several choices for instant withdrawals and deposits, such as UPI, Paytm, Amazon Pay, and more. 
• The questions asked in a round that ranges from Rs. 10 to Rs. 1,000,000 fall within the same category as tournaments that have different prize schemes and levels of difficulty.
• When you invite others in your circle to use the app, you might receive an adequate referral bonus.
• Use this app to stay up-to-date on cricket trends or to enhance your cricketing expertise. 

Advantages:

 
1. Effortless to play and win real money
2. You are not required to sign up for a league or create a fantasy team.
3. There are multiple challenges and questions offered.

Disadvantages: 

1. Exclusive to cricket matches
2. Requires a smartphone app and internet connection
3. Depending on accessibility and demand, the price range might vary.

Top 10 Trading Apps Like MPL Opinio

We all are well-versed with the fact that the MPL trading app has gained immense popularity these days, but this isn’t the only app. There are other trading applications too that are ruling the market and will continue to be the market leader in 2025 and beyond. Want to know what those applications are? Here is a list of the top 10 trading apps like MPL Opinio that deals with Stock Trading App Development, cricket prediction app development or fantasy sports app development.

Steps to Develop Opinion Trading App Like MPL Opinio

Opinion trading app development involves several steps to ensure a seamless user experience and robust functionality. Here are ten steps in detail:

Market research and conceptualization: To understand user preferences, trends, and competition in the opinion trading app industry, conduct in-depth market research. Evaluate the target market's preferences for performance, usability, and design. Develop the app's primary features and functions based on user wants and market research.

Identify Key Features and Functionality: List the necessary features, such as social sharing, rankings, trade, account management, opinion generation, and registration for users. Sort features into groups of priority based on their importance and feasibility for the app's initial release. To see the user flow and interactions, create diagrams and user narratives.

Platform Selection and Technology Stack: Determine which platform (iOS, Android, or web) is best for development. Choose the technological stack with compatibility, security, and durability in consideration. A number of factors, including the audience you are targeting and the set budget for the opinion trading platforms development, select among developing a web-based, hybrid, or native app.

UI/UX Design: Work on designing a user-friendly interface that is uniform with the branding of the app and its targeted users. Create models, illustrations, and wireframes so you can see how the app is going to appear and work. To provide an effortless user experience across all platforms, make sure that design elements are uniform throughout.

Backend Development: Build an effective backend framework for handling data storage, real-time updates, user authentication, and client-server communication. Utilise APIs for integrating third-party services, such analytics tools, payment gateways, and social media login. Assure the backend architecture's reliability, safety, and operational optimization.

Frontend Development: React Native, Flutter, or native frameworks like Swift (for iOS) and Kotlin (for Android) for implementing the UI/UX design can be used as frontend technologies. To enhance the user experience, prioritise responsiveness, smooth animations, as well as straightforward navigation. If you want to be sure about the app's consistency and compatibility throughout a variety of devices and screen sizes, test it.

Integrating Trading Functionality: Offer the necessary functions for trading, which includes the ability to generate and share opinions, buy and sell opinions, and evaluate the profitability of opinions, between other functions. Implement instant updates and alerts to notify the users about the most recently completed transactions and modifications to opinions. Ensure compliance to relevant regulations and industry standards for opinion trading.

Social Sharing and Engagement Features: Include social sharing tools so people may trade ideas and opinions across different social media networks. To improve user involvement and community development, incorporate elements such as like, following, and commenting on other users.Add leaderboards, medals, and prizes for successful trades and active involvement to make the experience more game-like.

Testing and Quality Assurance: To identify and fix bugs, glitches, and performance issues, thoroughly test across various devices, operating systems, and network setups. To make sure the app satisfies user expectations and quality specifications, perform security, usability, and functional testing. To improve efficiency and streamline the testing process, make utilisation of automated testing technologies and techniques.

Launch and Marketing: To promote the app and draw users, create an extensive marketing strategy. Check that the app has been properly optimised for search visibility and visibility after launching it on the appropriate app stores (Google Play Store, Apple App Store). To reach the demographic you want to reach, use a wide range of marketing channels, such as email marketing, influencer relationships, social media, and app store optimization (ASO). Post launch, keep a watch on feedback from users and app performance to improvise the performance and functionality of the app.
 

How Much Does It Cost to Develop Opinion Trading App Like MPL Opinio?

The cost for opinion trading app development like MPL Opinio can vary majorly from different factors, which include the app's features, complexities, compatibility with multiple platforms (iOS, Android, and web), where the development team is residing, and hourly development rates. A basic version of this kind of app may cost around $8,000 and $15,000, while a more advanced version with additional functions and personalised configurations could cost around $8,000 and $20,000 or more. To get a quote that is aligned to your budget and specific requirements, you must consult an experienced Opinion Trading mobile app development company, a Stock Trading App Development company or hire a dedicated developer.

Here's a short table outlining the estimated cost ranges for developing an opinion trading app like MPL Opinio:

Conclusion

In summary, the development of opinion trading app like MPL Opinio indicates an evolution in how people engage with financial markets as they make use of their insights. With these user-friendly and interactive platforms, users have the ability to financially express their opinions on a wide range of events, from sporting events to economic trends. The success of MPL Opinio serves as evidence that the combination of trading and gaming dynamics has opened up a new way for people to use their skills and instincts, democratising access to the financial markets. Even though creating these applications requires a large financial commitment, their potential for revenue and user involvement highlights their importance in the current digital landscape. Opinion trading apps are well-positioned to grow as the market develops further.