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Companies exit real money gaming
The New Indian Express Kannur
|August 23, 2025
Industry sources say ban on RMG will lead to ₹20,000 cr loss to exchequer, 2 lakh job losses
FOLLOWING the passage of the 'Promotion and Regulation of Online Gaming Bill, 2025', a number of startups have discontinued their real money gaming (RMG) operations.
Fantasy sports giant Dream11 announced suspension of its cash contests. In a message to users, Dream11 said, "As per 'The Promotion and Regulation of Online Gaming Bill, 2025', cash games and contests will be discontinued on Dream11.
Last valued at $8 billion in 2021, Dream11 boasts of having over 280 million users. The Board of Control for Cricket in India (BCCI) onboarded Dream11 as Team India's official shirt sponsor for a ₹358 crore deal from July 2023 to March 2026.
This story is from the August 23, 2025 edition of The New Indian Express Kannur.
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