Dream11 set to close its core real-money gaming biz

Dream11 (Dream Sports) is winding down its actual cash gaming operations, sources conscious of the event advised Entrackr. The resolution comes on the heels of the federal government’s current Online Gaming Bill 2025.

“The decision was communicated during an internal town hall on Wednesday,” mentioned one of many sources on situation of anonymity. “RMG contributes more than two-third of the company’s annual revenue.”

The landmark Bill, handed by the Rajya Sabha and Lok Sabha, bans all types of on-line video games involving financial stakes, together with fantasy sports activities, poker, betting apps, and opinion buying and selling platforms. 

The Bill additionally prohibits superstar endorsements and makes violations a prison offence, carrying imprisonment of as much as three years and fines of as much as Rs 1 crore, with private legal responsibility prolonged to firm administrators and promoters except they will show due diligence.

According to sources, Dream11 will now shift focus to increasing its non-real-money gaming ventures reminiscent of Fancode, Sportz Drip (previously Sports Rhythm), and its investments in Cricbuzz and Willow TV. “The firm is also likely to explore new game formats for overseas markets, similar to the strategy adopted by Mobile Premier League (MPL),” mentioned a second supply requesting anonymity.

“The shutdown will also trigger severe cost-cutting measures, including mass layoffs, as the RMG business employed the majority of the firm’s workforce,” the person added.

Dream11 has declined to comment on the story. 

Dream11’s revenue from operations surged to Rs 6,384 crore in FY23 from Rs 3,841 crore in FY22. During the period, its profit also increased 32% to Rs 188 crore. It has yet to file its annual report for FY24 and FY25.