Dream11 & Gameskraft respond to India’s new online gaming ban. Will they challenge the law in court? Know what they said about revenue, future plans, and compliance.
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NEW DELHI: A sports giant, Dream11’s parent company Dream Sports, and real-money gaming firm Gameskraft have announced that they will not oppose the government’s new Promotion and Regulation of Online Gaming Bill, 2025, which bans all forms of real-money gaming in the country.
Gameskraft, which runs popular rummy apps like RummyCulture, has already paused its ‘Add Cash’ and gameplay services after the passage of the law on August 22. The company assured its users that account balances remain safe and that it is working with financial partners to ensure smooth withdrawals.
“Compliance has always been non-negotiable for us. While this moment brings challenges, it also brings the opportunity to reimagine what’s next – responsibly, lawfully, and in the interest of long-term value creation,”
a Gameskraft spokesperson said.
The company added that it has cleared all regulatory dues and is collaborating with auditors, banks, and legal advisors to protect the interests of its employees, partners, and service providers. Gameskraft also emphasized its commitment to responsible innovation, player protection, and constructive dialogue with policymakers.
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Dream Sports co-founder Harsh Jain confirmed in an interview that the company has no intention of opposing the government’s decision.
“I think the government has made it clear that they don’t want this right now. We want to focus entirely on the future and not fight with the government on something they don’t want,”
Jain said.
Despite losing 95% of Dream11’s revenues overnight and 100% of its profits, Jain emphasized that the company will not resort to layoffs. Instead, Dream Sports will redeploy its 500 engineers and staff across its portfolio, including FanCode, DreamSetGo, Dream Game Studios, and Dream Money.
Jain further revealed that the company will now focus on building AI-driven products in sports content, commerce, fan engagement, analytics, performance, and merchandise.
“The only way to deal with 95% of your revenue being gone is to build new products that you can monetise in the future. That will always start with talent,”
he added.
The revenue hit has also forced Dream11 to inform the Board of Control for Cricket in India (BCCI) that it cannot continue with its team title sponsorship. However, Jain reassured stakeholders that Dream Sports has sufficient cash reserves to retain staff and sustain operations for at least the next couple of years.
In FY23, the company reported an operational revenue of Rs 6,384.49 crore, up from Rs 3,841 crore in FY22, highlighting its strong financial foundation.
