Essayer OR - Gratuit
Dream11, Games 24x7 Hit as Real-Money Gaming Banned
Mint Mumbai
|August 22, 2025
The move comes after parliament passed a bill to ban real-money gaming on Thursday
Startups such as Dream11, Probo, Zupee, Nazara-backed Moonshine Technologies that runs PokerBaazi, Games 24x7, and Mobile Premier League (MPL) are shutting down their main business of real-money online gaming, multiple people familiar with the matter said.
This comes after the Rajya Sabha passed a bill to ban real-money gaming on Thursday.
The Promotion and Regulation of Online Gaming Bill, 2025 was passed by the Lok Sabha a day earlier, and now requires the President's assent for it to become a law.
The legislation bans platforms that allow users to pay entry fees or wager money on fantasy sports, poker, rummy etc.
"There was a townhall yesterday where (Harsh) Jain (founder and CEO of Dream11) addressed the company employees and updated them about the bill's contours—and that Dream11 will shut down the RMG business to comply with it. The company is likely to now focus on its other verticals for growth," a person with knowledge of the development said on Wednesday.
Cette histoire est tirée de l'édition August 22, 2025 de Mint Mumbai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Mumbai
Mint Mumbai
'FPIs, capex and earnings will drive markets up in Samvat 2082'
India is a market where exit is easy but entry is tough, says Nilesh Shah, MD of Kotak Mahindra AMC, the fifth-largest mutual fund based on quarterly assets under management (AUM) as of September-end.
4 mins
October 13, 2025
Mint Mumbai
Dissent aside, Tata Trusts keen to keep Tata Sons private
Tata Trusts remains committed to its decision to keep Tata Sons private, two Tata executives told Mint, hours after the Shapoorji Pallonji Group issued a public statement seeking a public share sale of the Tata Group holding company.
2 mins
October 13, 2025
Mint Mumbai
What the govt's capex growth does not reveal
The government's capital expenditure has surged sharply in the first five months (April-August) of FY26. It has already spent nearly 39% of the annual outlay of 11.2 trillion, a 43% year-on-year jump.
2 mins
October 13, 2025
Mint Mumbai
US seeks inventory model for e-comm
Negotiators cite 'level playing field', move may raise competition
2 mins
October 13, 2025
Mint Mumbai
EQT scraps Zelestra India sale, to pump in $600 mn
For scraps
2 mins
October 13, 2025
Mint Mumbai
INSIDE NADELLA'S AI RESET AT MICROSOFT
Earlier this month, Microsoft promoted Judson Althoff, its longtime sales boss, to chief executive of its commercial business, consolidating sales, marketing and operations across its products. The move was designed gence.
3 mins
October 13, 2025
Mint Mumbai
H-IB fee hike Trump's second blow to gems & jewellery firms
Losing sparkle
2 mins
October 13, 2025
Mint Mumbai
Slow drive for e-trucks as local sourcing rule bites
E-truck manufacturers wary of ambitious indigenization due to concerns over tepid demand
2 mins
October 13, 2025
Mint Mumbai
YOGA, AYURVEDA—INDIA CAN LEAD THE WISDOM ECONOMY
I was watching a video of a meditation studio in Manhattan when it struck me yet again. Twenty people, mostly American professionals, sitting cross-legged on expensive mats, were following breathing techniques that our grandparents and ancestors practised every morning.
2 mins
October 13, 2025
Mint Mumbai
Existing investors pour in $40 million into Dezerv
Wealth management platform Dezerv has raised ₹350 crore (about $40 million) in a new funding round from its existing investors, the company's top executive told Mint.
1 mins
October 13, 2025
Listen
Translate
Change font size