WinZO co-founders Saumya Singh Rathore and Paavan Nanda were arrested by ED on money laundering charges in November 2025. The agency also froze company assets worth around Rs 505 crore.
Whether the government’s regulatory reset will help make India a global gaming powerhouse or simply shift users, capital, and talent elsewhere remains an open question.
In July 2025, ED had frozen assets worth Rs 284.5 crore linked to Probo and its promoters under PMLA.
The restructuring at Dream Sports comes after the government's online gaming law disrupted the company's core business model, wiping out 95 percent of its revenue and all of its profits.
Gaming operators had sought an urgent hearing on the matter, stating that their business had come to a standstill and there has been job losses due to the government's online gaming law.