Mumbai, August 22, 2025 — Dream Sports-owned fantasy sports giant Dream11 is shutting down its real money gaming (RMG) operations following the passage of the government’s landmark Online Gaming Bill 2025, according to media reports.
Citing sources aware of the development, Entrackr reported that the decision was communicated to employees during an internal town hall on Wednesday. RMG has historically contributed more than two-thirds of Dream11’s annual revenue, making the move a major shift for the company.
The Online Gaming Bill 2025, recently cleared by both Houses of Parliament, prohibits all forms of online games involving monetary stakes — including fantasy sports, poker, betting apps, and opinion trading platforms. The Bill also bans celebrity endorsements for such platforms, and violations could attract imprisonment of up to three years and fines of up to ₹1 crore. Importantly, company directors and promoters could be held personally liable unless they demonstrate due diligence.
With its core RMG business impacted, Dream11 is expected to pivot focus toward non-real-money ventures such as Fancode, Sportz Drip (formerly Sports Rhythm), and its stakes in Cricbuzz and Willow TV. Sources also suggested the company could explore international opportunities, mirroring the overseas expansion strategy of rival Mobile Premier League (MPL).
However, the wind-down is likely to result in mass layoffs, as the RMG division accounted for a significant portion of the company’s workforce.
Dream11 has declined to comment on the reports.
In terms of financial performance, the company’s revenue from operations rose to ₹6,384 crore in FY23, up from ₹3,841 crore in FY22, while profits increased by 32% to ₹188 crore. The company has not yet filed financials for FY24 and FY25.
