Dream11 & Three Other Startups Off Unicorn List After Online Gaming Law

The other three RMG startups who are off the unicorn list are Games24x7 (120 million users), Gameskraft (30 million users) & MPL (90 million users)

- OUR CORRESPONDENT

MUMBAI: As many as 4 startups, including Dream11 and Games24x7, have lost the coveted unicorn status after the government introduced a law to regulate the activities of real money gaming (RMG) companies, a report said on Thursday.

The other two RMG startups who are off the unicorn list are Gameskraft (30 million users) and Mobile Premier League (MPL) (90 million). Dream11 has 260 million users while Games24x7 has 120 million, the report said.

Besides, the 'ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025' said the valuations of popular 'Zupee' and 'Winzo Games', which were not unicorns, have also been impacted because of the law.

Unicorns are startups with a valuation of over $1 billion.

Last month, Parliament passed a bill to ban all forms of online money games and promote eSports and online social gaming.