Online Gaming Bill 2025: The government has brought a new law regarding online gaming, which is divided into 2 parts. E-sports are placed in the first category, while in the second category, Real Money Games have got a place. Money is exchanged in real money games. In such a situation, the government has banned real money games. Now its effect is also visible, because Dream Sports, the parent company of Dream11 app, has closed its real-mani gaming section. Now the official statement from Dream XI has also come out.
As soon as the bill was passed in the Lok Sabha, an official statement from Dream XI came out on August 22, stating that this morning, we closed all paid contests (paid competitions) on Dream11 and we have now shifted to a free online social game.
When we started this journey as a sports tech company 18 years ago, we were not even 1% of USA’s fantasy sports industry size. Dream11’s fantasy sports product was a source of “to improve sports” for us. With the spirit of this passion, faith and made in India, for India, by Indians, we became the largest fantasy sports platform in the world. We have always been a law following the law and will continue to be ahead. We have always operated our business according to the law. We respect the law and fully follow the promotion and regulation of “online gaming law 2025”.
We are proud that we have a portfolio of magnificent sports tech businesses, including, Fancode, DreamsetGo, and Dream Game Studios, as well as our Dream Sports Foundation. All these will continue to carry forward our “improve sports” and will support our Honorable Prime Minister’s goal of making India a global game superpower. We meet you in the second innings.
The government has divided the online gaming act into 2 categories. The first category has e -sports games, which is absolutely free. On the other hand, real money games, in which users exchange money. The government has decided to ban the Real Money Games through the online gaming act 2025. In such a situation, the impact has started appearing on the gaming app like Dream XI, My XI Circle.
After the post Online Gaming Act, Dream 11 made a plan B, the company issued a big announcement appeared first on obnews.