India’s famous fantasy sports company Dream11 is preparing to shut down its real-money gaming unit, as Parliament has passed the Online Gaming Bill 2025. The law imposed a complete ban on real-money games, dealing a huge blow to the platform with 280 million users and billions of rupees in revenue. Let’s know the brief details of this news in the polite and eloquent style of Urdu literature. What has affected Dream11? In 2008, Harsh Jain and Bhavit Sheth founded Dream11, which became popular among cricket fans. By 2021, its value had reached an Asian $ 8 billion, and in the financial year 2024, it earned a revenue of Rs 9600 crore, 90% of which came from real-money competitions. Games like fantasy sports, poker, and rummy have been banned under the Online Gaming Bill 2025, which has led to Dream11 deciding to shut down its real money gaming unit. The company's CEO, Harsh Jain, told employees that there was no legal way for the business to continue after the new law. The bill has also banned My11 Circle, Games Platforms like Craft, Winzo, and PokerBaazi have also been affected. The law prohibits the promotion, financial transactions, and operation of real-money games, which can be punished with three years in prison or a fine of Rs 1 crore. According to industry experts, this could put 2 lakh jobs and investments worth Rs 25,000 crore at risk. Dream11 is now focusing on non-real money ventures like Fan Code and Sports Drip. A user on X wrote: “Bad news for 28 crore Dream11 users! Online gaming bill has killed fantasy sports.” — @StocktwitsIndia “Every development has its challenges, but law enforcement is a must for everyone.” — An economist Future roadmap According to reports, Dream11 is taking steps to refund its users’ account balances and is planning to introduce new game formats in international markets. However, the closure threatens to lead to large-scale layoffs in the company. References Business Today, India Today, The Hindu, Hindustan Times, CNBC TV18, X-Post