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The Latest Breaking News from Dream11

Dream Sports shuts fintech platform Dream Money within a year of launch

Dream Sports, the parent company of fantasy sports giant Dream11, is shutting down its fintech venture, Dream Money, less than a year after its launch. The investment and wealth management platform, which offered mutual funds, digital gold, and fixed deposits, will cease operations on July 30.

The Economic Times

Former Tech Mahindra executive Rajashree R joins VC firm Kalaari Capital

Former Tech Mahindra executive Rajashree R has joined venture capital firm Kalaari Capital, bringing nearly two decades of IT sector experience. Her move follows a trend of senior IT leaders seeking opportunities in startups and investment firms amidst industry shifts driven by AI disruption.

The Economic Times

All bets are off as SC’s GST ruling squeezes RMG companies

The GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier League, which have been pivoting to different businesses following the blanket RMG ban introduced in August last year, executives said.

The Economic Times

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Dream11 expands to US, UK, and more countries amid India ban

This is a huge move for the fantasy sports platform.

Dot Esports

India's Gaming Fans Eye Illegal Sites After Gambling Ban

India's ban on online gambling has shuttered a billion-dollar industry serving hundreds of millions of people and torpedoed the sponsorship of the national cricket team.

International Business Times

Asia Cup: India lose shirt sponsor after online betting games ban

The ban by India’s government of online betting games has ended the national cricket team’s sponsorship by Dream11.

Al Jazeera

India gambling ban leaves major brands scrambling – including main sponsor of national cricket team

New law bans real-money online games, forcing billion-dollar firms to suspend operations and cut deals

The Independent UK

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India’s Supreme Court weighs blanket ban on online betting apps

Potential fallout for Indian esports and fantasy sports sectors.

Dot Esports

Consumer brands most visible during IPL: Report

NEW DELHI: Amidst the competition on the cricket field during the IPL, there's also a clash among brands to capture maximum eyeballs.

The Times of India

Online gaming platforms: the risk of a fantasy

Police sub-inspector Somnath Zende, 39, spends ₹600 daily on bodybuilding supplements & gym membership. He won ₹1.5 crore in Dream11, a fantasy sports app, but was suspended for "promoting" real-money gaming. Despite tension between govts & gaming companies, courts have upheld these apps as skill-based. Zende's win went viral &…

The Hindu

In India, fantasy gaming is causing addiction and financial ruin

Lack of regulation and massive advertising campaigns by fantasy gaming apps have raised addiction concerns.

Al Jazeera

Indian cricket team to be sponsored by Dream11 for three years

Fantasy gaming company Dream11 will be the lead sponsor of India’s national cricket team for three years, BCCI announced on July 1.

The Hindu

IPL Media Rights: Amazon pulls out; Star, Viacom18, Sony, Zee in 4-way race

NEW DELHI: The much-anticipated duel between Jeff Bezos and Mukesh Ambani for acquisition of one of world's costliest sporting properties won't materialise now as OTT giants Amazon on Friday pulled out of IPL media rights bidding, scheduled to start on Sunday.

The Times of India

Google Looks To Tap India's Cricket Frenzy By Pitting Itself Against Amazon, Disney, Sony

Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) looks to bid for the broadcast rights of the Indian Premier League, Bloomberg reports. Google's interest in India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest, trailing only the Premier League and the National Football League in terms…

Benzinga

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Benzinga

India's Cricket NFT Platform Raises $120M From Dream11 Parent

Indian cricket non-fungible tokens (NFTs) platform Rario raised $120 million in fresh funding led by Dream Capital, the investment and mergers and acquisitions (M&A) arm of sports technology company Dream Sports.

People

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