Dream Sports has announced that it is fully complying with the new Promotion and Regulation of Online Gaming Bill, 2025.
This bill, which regulates online gaming, has now become law after receiving approval from President Droupadi Murmu.
Following this, Dream Sports said it has stopped all paid contests on its fantasy sports platform Dream11. The company has now completely shifted to offering only free social games online.
The new law aims to ban all forms of online real-money games. The bill was passed by the Lok Sabha earlier and then approved by the Rajya Sabha on August 21.
Besides banning money-based games, the law also encourages e-sports, as well as online games focused on education and social engagement.
“We Will Follow the Law”
In a statement posted on LinkedIn, Dream Sports said, “While we believe progressive regulations would have been a better way forward, we will follow the law and fully comply with the Promotion and Regulation of Online Gaming Bill, 2025.”
The company added, “When we started this journey 18 years ago as a sports tech company, we were smaller than even 1% of the U.S. fantasy sports industry. Dream11 was our way of making sports better for all of India.
With this passion and belief, and the spirit of Made in India, for India, by Indians, we became the world’s largest fantasy sports platform.” The message concluded with, “See you in the second innings.”
Dream Sports has also stopped all “pay-to-play” games on Dream Picks, a new fantasy sports app that lets users make 4-player teams to compete in both innings of a match.
Similarly, its real-money gaming app Dream Play has also removed all paid contests. Right now, it offers only a free version of the Ludo game.
Founded in 2008
Dream Sports was founded in 2008 by Harsh Jain and Bhavit Sheth. In November 2021, the company raised $840 million from investors like Falcon Edge, DST Global, D1 Capital, RedBird Capital, Tiger Global, TPG, and Footpath Ventures.
At that time, Dream Sports was valued at around $8 billion. Apart from Dream11, the company also owns FanCode (a sports content and commerce platform), DreamSetGo (a sports experience brand), Dream Game Studios (a mobile game development unit), and Dream Sports Foundation.
In the financial year 2022–23 (FY23), Dream Sports’ operating revenue rose by 66% to ₹6,384.49 crore from ₹3,841 crore in FY22. Dream11 remains the main source of revenue for the company.
