Will Dream11, Gameskraft problem India’s new on-line gaming regulation in courtroom after ban? What they mentioned | Newest News India

“As a responsible and law-abiding corporate entity, Gameskraft has no intention of pursuing any legal challenge to the legislation. We fully respect the legislative process and remain committed to operating within the framework of the law,” a Gameskraft spokesperson mentioned.

Gameskraft’s assertion comes a day after Dream Sports co-founder Harsh Jain mentioned in an interview that that the corporate has no plans to oppose the ban.

“I think the government has made it clear that they don’t want this right now. I don’t want to live in the past. We want to focus entirely on the future and not fight with the government on something that they don’t want,” Moneycontrol quoted Harsh Jain as saying.

Gameskraft mentioned it would now redirect its focus. “We have already initiated structured internal discussions to chart the road ahead. Guided by our core values and full compliance with the new bill, Gameskraft remains committed to constructive dialogue with policymakers and stakeholders, responsible innovation, player protection, and regulatory alignment,” the spokesperson added.

Gameskraft mentioned it has paused ‘Add Cash’ and gameplay providers on its rummy apps, together with RummyCulture, after the regulation’s passage on August 22.

“We want to reassure our users that all account balances remain safe. We are working closely with our financial partners to ensure a smooth and seamless withdrawal process,” the spokesperson mentioned.

The firm added that it has cleared all regulatory dues and is working with auditors, banks, and authorized advisors “to safeguard the interests of employees, partners, vendors, and service providers.”

“Compliance has always been non-negotiable for us. While this moment brings challenges, it also brings the opportunity to reimagine what’s next – responsibly, lawfully, and in the interest of long-term value creation for all stakeholders,” the corporate mentioned.

Harsh Jain additional mentioned Dream Sports is not going to resort to layoffs regardless of being hit by the ban.

“95 per cent of Dream11’s revenues have disappeared overnight, and 100 per cent of our profits…,” Jain mentioned.

Dream Sports has been a significant real-money gaming participant in India, but it surely has to shut its money-based video games after the federal government banned all types of on-line cash video games.

Jain’s feedback come days after Parliament handed the Promotion and Regulation of Online Gaming Bill, 2025, criminalising the providing and financing of such video games, with offenders dealing with as much as 5 years in jail.

“We are not interested in doing any layoffs. All the talent here is safe,” Jain mentioned within the interview.

Dream11 has additionally intimated to the Board of Control for Cricket in India that it will not have the ability to proceed with the title sponsorship of the group because the income stream goes to get hit badly.

“The only way to deal with 95 per cent of your revenue being gone is to build new products that you can monetise in the future. That will always start with talent,” Jain mentioned, including that the corporate has no plans to problem the federal government on the ban.

The Mumbai-based firm plans to redeploy its 500 engineers and different employees throughout present companies equivalent to FanCode, DreamSetGo, Dream Game Studios and Dream Money, whereas additionally engaged on new AI-driven merchandise for the sports activities and creator financial system.

“We have sports content, commerce, fan engagement, analytics, sports performance, and merchandise. All of this is going to be disrupted by AI. And now I have 500 engineers whom I can allocate to solving these problems,” Jain mentioned. “We will start again to solve these problems for Indian sports fans.”

Jain asserted that Dream Sports has adequate money reserves to retain employees and maintain operations for the following couple of years. In FY23, the corporate reported operational income of ₹6,384.49 crore, up from ₹3,841 crore in FY22.