Dream11 Ends Real Money Gaming Operations Amid New Legislation

Dream11, operating under Dream Sports, is making the decision to halt its real money gaming operations, as detailed by sources familiar with the matter. This move follows the recent enactment of the Online Gaming Bill 2025.

Impact of the Online Gaming Bill 2025

The announcement was made during an internal town hall meeting, according to a source wishing to remain anonymous. The real money gaming sector accounted for over two-thirds of Dream11’s annual revenue.

Key Provisions of the Bill

This transformative Bill, approved by both the Rajya Sabha and Lok Sabha, prohibits all online games that involve monetary stakes, including fantasy sports, poker, betting applications, and opinion trading platforms. Furthermore, it bans celebrity endorsements and designates violations as criminal offences, which could lead to prison sentences of up to three years and fines reaching Rs 1 crore. Additionally, company directors and promoters may face personal liability unless they can demonstrate due diligence.

Shifting Focus to Non-Real-Money Gaming

According to insider information, Dream11 intends to concentrate on expanding its ventures in non-real-money gaming. This includes platforms like Fancode, Sportz Drip (formerly known as Sports Rhythm), along with investments in Cricbuzz and Willow TV. Another source mentioned that the company may also investigate new game formats for international markets, paralleling strategies employed by Mobile Premier League (MPL).

Business Repercussions and Layoffs

The shutdown is expected to initiate significant cost-cutting measures, including widespread layoffs, given that the real money gaming sector employed a large portion of the company’s workforce, remarked a person familiar with the situation.

Financial Performance of Dream11

Dream11’s operational revenue surged to Rs 6,384 crore in the fiscal year 2023, a notable increase from Rs 3,841 crore in the previous fiscal year. During this time, its profit also rose by 32% to reach Rs 188 crore. The company has not yet submitted its annual reports for fiscal years 2024 and 2025.