Dream11 to close the real money gaming arm after the gesture of the house to the online gaming bill

The sources told that Dream11 pulls the ingredients on real money games.

The promotion of the center and the regulation of the online gaming bill 2025, which was approved by the Rajya Sabha team, is a complete ban on the online -based online games, including fictional sport, poker and Rummy. It is only allowed for electronic sports and social games. Violations may attract up to three years in prison or fines of 1 rupees.

In an internal note, the CEO of Dream Sports Harsh Jain told the employees that there is no “legal path” to continue the paid Dream11 competitions once the law enacts. The company briefed both employees and employed a transitional plan, sources confirmed to BT.

The ban has sent shock waves through the game industry. While companies are preparing for significant financial losses, the threat on the horizon to reduce jobs on a large scale raises deeper fears.

The Dream11 – who moved his base to India earlier this year – will be among the most difficult blow. More than 90 % of Dream SPORTS revenues come from real money competitions in DREAM11. In the 24th fiscal year alone, I reported the revenues of 9,600 rupees, which are largely driven by the participation of cricket in the World Cup.

Dream11 was founded in 2008 by Harsh Jain, Bhavit Sheth, and has more than 280 million users and is supported by Tiger Global, Chryscapital, Multiples and TCV. Its value is the last $ 8 billion in 2021 and built profound relations with Indian cricket through IPL and Team India.

Through its basic process now banned, Dream SPORTS converts the focus to the smaller vertical – Fancode, DreamSetgo and Dream Game Studios.

When approaching BT, the company refused to comment. However, I noticed that the application is still functional.