Dream Sports Closes Dream Money Wealth Management Platform
Dream Sports, the company that operates Dream11, has decided to shut down its wealth management service Dream Money, less than a year after its inception aimed at diversifying beyond online gaming. The company has announced on the Dream Money website that it will be discontinuing its operations.
In an email sent out on June 30, Dream Sports informed customers that Dream Money is halting all its business activities with immediate effect. This includes services related to digital gold, mutual fund distribution, fixed deposits, and lending services. While the Dream Money app will stay functional until July 30, it will cease all operations following that date.
The company has ceased new customer registrations, fresh investments, and loan applications. Additionally, all active Systematic Investment Plans (SIPs) will be cancelled starting July 7. However, the investments of existing customers will not be affected. Mutual fund folios will continue to be managed by their respective asset management companies (AMCs), fixed deposits will remain with partner banks, loan repayments will be handled by lending partners, and holdings in digital gold will be transferred to Augmont.
Dream Sports did not provide a specific reason for the closure in its communication to customers. This shutdown occurs less than a year after the launch of Dream Money in August 2025, shortly after the government’s efforts to regulate the online real money gaming (RMG) sector. This initiative was part of the company’s strategic move to diversify amid increasing regulatory scrutiny in the industry.
Dream Money provided digital gold, mutual funds, fixed deposits, and lending solutions through a comprehensive platform. This shutdown follows another product closure from the company. On June 10, Dream Sports also discontinued Dream Play, an AI-driven performance intelligence platform designed to help athletes analyse and enhance their performance.
The timing of the shutdown comes just over a month after the Supreme Court supported the government’s retrospective implementation of a 28% Goods and Services Tax (GST) on the full value of bets in the online real money gaming sector, which has put considerable financial pressure on gaming companies facing significant tax liabilities.
A representative from Dream Sports declined to comment on this particular situation. In response to the challenges faced in the RMG sector, Dream Sports has reorganised its business into multiple ventures, including Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Horizon, and most recently, Dream Street, an AI-driven stock broking platform.
