Fantasy Sports

Dream Sports CEO Harsh Jain said that regulation would have been the right approach to address the issue of societal impact and financial distress linked to RMG apps, as prohibition is likely to increase the prevalence of a black market.

Dream Sports' second innings: Dream11 stops paid contests, pivots to free-to-play games

The announcement from Dream11 parent firm comes shortly after President Droupadi Murmu granted assent to the government's Online Gaming Bill passed in the Parliament.

Meta tightens ad rules for real-money gaming in India with new certification step

Following this change, advertisers will be required to submit a certificate from one of the country's skill gaming industry bodies — the All India Gaming Federation, the Federation of Indian Fantasy Sports, or the E-Gaming Federation— or provide a court order confirming the nature of the game as a 'game of skill'.

Civil societies call for tighter regulation on fantasy sports, opinion trading platforms

The cricket season has commenced with the start of the ICC Champions Trophy and the IPL 2025 will start next month

Powered by fantasy sports, Indian sports tech market's m-cap may hit Rs 49,500 crore by 2029: Report

The changes in the goods and services tax laws have complicated the situation for the fantasy sports industry, the report said

Games24x7 better positioned to navigate GST on online gaming in 2025: CEO Trivikraman Thampy

Games24x7's offerings, especially fantasy sports, are expected to drive the company’s growth in 2025 as the company bumps up investments in technology and artificial intelligence, said co-CEO and co-founder Trivikraman Thampy.

User’s skill important in determining winnability outcome in fantasy sports, study finds

The peer-reviewed study titled ‘Decision Support System for Policy-Making: Quantifying Skill and Chance in Daily Fantasy Sports (DFS)’ proposes a data-driven approach that policymakers can use to resolve the ongoing debate on skill and chance in online gaming.

Fantasy Sports: Skill over chance

Explore how fantasy sports leverage your sports knowledge and strategic skills, proving it's a game of skill rather than chance.

Fantasy Sports: Skill Over Chance

Explore how fantasy sports leverage your sports knowledge and strategic skills, proving it's a game of skill rather than chance.

India's fantasy sports' revenue rises 24% during IPL 2023: Redseer report

Fantasy gaming apps gained popularity in India during the pandemic. Many new companies entered the market to cash in on cricket's popularity and have launched virtual leagues and contests in other sports such as soccer.

Fantasy Sports revenue to rise 30-35% to Rs 2,900-3,100 crore this IPL season

The data estimates show 6.5-7 crore users are expected to transact on gaming platforms.

Ahead of IPL, Ashneer Grover's Third Unicorn launches cricket fantasy sports app CrickPe

CrickPe allows players above 18 years of age to create a virtual team of cricket players and enter paid contests to earn cash prizes based on their performance in real-life games, and will levy a 10 percent platform fee of the total funds received for any public or private contest.

GMR to buy stake in gaming startup Fantasy Akhada: Report

According to the report, Fantasy Akhada, endorsed by celebrity cricket commentator Harsha Bhogle will see some of its early backers, angel investors and others exit through this deal.

Old game, new rules: Government taskforce to set spend limits for online gaming

Suggesting an amendment to the Information Technology Act of 2000, the inter-ministerial taskforce is looking to regulate the online gaming sector.

Exclusive | We've run our business with the idea that it should always be profitable: Dream11's Bhavit Sheth

The fantasy sports platform, one of India’s most valuable startups, grew its user base to more than 135 million-odd users, adding around 12-13 million in the just-concluded IPL.

Share problems with your board; never hide issues with investors, Dream11’s Harsh Jain tells startups

Jain’s comments come at a time when a few startup founders in India and Southeast Asia including founders of some of the region’s largest unicorns, have had skirmishes with their board members, owing to multiple issues right from sexual harassment claims to accounting irregularities.

Games24x7 raises $75 million funding at $2.5 billion valuation

Games24x7 plans to use the funds raised to accelerate its user growth, content development, and technological capabilities.

India becomes world's biggest fantasy sports market with 13 crore users: Report

Cricket will continue growing at 30 percent CAGR over the next four years and remain the highest contributor to the overall revenue of the fantasy sports industry.

Gaming firms resume services after Karnataka lifts ban on online gambling

Gaming platforms including PlayerzPot, A23, Fantasy Akhada and Baazi Games told Moneycontrol that they have resumed operations in Karnataka.

Investments in gaming startups soar to record high, may double in 12-18 months

Real money games and fantasy sports attracted the majority of the investments in the sector, bagging around $700 million in the first nine months of 2021,

Dream11 parent Dream Sports bags $840 million funding at $8 billion valuation

Dream Sports claims to have a user base of over 140 million users and employs close to 1,000 people.

Fantasy sports platform Dream11 posts Rs 181 crore profit in FY20

Fantasy Sports platform Dream11 claims to have over 9 crore users playing Fantasy Cricket, Football, Kabaddi, Hockey, and NBA

Building a safe harbour for online fantasy sports to facilitate responsible growth

A self-regulatory mechanism will ensure that the online fantasy sports industry continues to benefit and protect the interests of the consumers while supporting innovative operators who conduct themselves responsibly

Fantasy sports is making sports better

Sports leagues are increasingly using fantasy sports as their primary tool of fan engagement

World Cup 2019: A look at how the gaming industry is trying to scale up engagement

Fantasy gaming platforms and mobile game apps are giving people more ways to engage with cricket.