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Dream11, Games 24x7 Hit as Real-Money Gaming Banned
Mint Chennai
|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.
Dit verhaal komt uit de August 22, 2025-editie van Mint Chennai.
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