Dream11 to close actual cash gaming operations, concentrate on options, says report

Dream Sports, the mother or father firm of fantasy gaming main Dream11, is reportedly set to close down its actual cash gaming (RMG) operations, following India’s new Online Gaming Bill 2025, in response to Entrackr, citing sources.

Livemint reached out to the corporate in search of an official assertion on the report, and Dream11 declined to remark.

Speaking to the publication, the sources mentioned that workers was knowledgeable concerning the determination to close down actual cash gaming operations by way of an inner city corridor on August 20. They added that RMG contributes to over 67 per cent of Dream Sports’ annual revenues.

Dream11 transferring on to different avenues?

The Entrackr report additional cited one other supply saying that Dream11 will transfer from RMG to broaden as an alternative into non-real cash choices corresponding to Sportz Drip and Fancode. Besides this, focus will reportedly additionally transfer to its different investments corresponding to Willow TV and Cricbuzz and enlargement into abroad markets.

“The firm is also likely to explore new game formats for overseas markets, similar to the strategy adopted by Mobile Premier League (MPL),” a second supply the web publication.

This supply added that influence of the RMG part would have a ripple impact, triggering “severe cost-cutting measures, including mass layoffs, as the RMG business employed the majority of the firm’s workforce”.

Parliament bans all types of on-line cash video games

The Rajya Sabha on August 21 accredited the Online Gaming Bill, 2025, sealing the deal on the Indian authorities banning all types of on-line cash video games within the nation. The invoice was accredited by the Lok Sabha on August 20.

The invoice ‘Promotion and Regulation of Online Gaming Bill, 2025’ was introduced within the Upper House by Union Minister of Electronics and IT Ashwini Vaishnaw, who mentioned the laws will promote two-thirds of the web gaming section, however will ban on-line cash video games, “which have become a big problem for society, especially middle-class youth”.

“There is addiction. The family’s savings are lost. It is estimated that 45 crore people have fallen victim to it. More than ₹20,000 crore of our middle-class families’ hard-earned money has been destroyed,” Vaishnaw mentioned.

Besides on-line actual cash gaming, the invoice additionally seeks to ban advertisements associated to such video games, and bars banks and monetary establishments from facilitating or transferring funds for any of such video games.

What are on-line cash video games? What does the invoice stipulate?

Online cash video games are performed by depositing cash in expectation of successful financial and different rewards.