Harsh Jain, the co-founder and CEO of Dream Sports, which owns the fantasy gaming site Dream11, said that the company would not lay off any workers, even if the recent prohibition on online gambling in India has hurt them a lot. His comments came only days after Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025, which makes playing real-money games online a crime.
Big Loss of Income and Change in Business
Jain told Moneycontrol that the new regulation had a terrible effect on their finances. He said, “95 percent of Dream11’s revenues have disappeared overnight, and 100 percent of our profits.” The corporation has told the Board of Control for Cricket in India (BCCI) that it can’t keep being the Indian cricket team’s title sponsor because it lost its main source of income.
Even if things are bad, Jain is hopeful and says, “We don’t want to lay anyone off.” Everyone with talent here is safe. To stay in business, the corporation needs to change how it does business. The 500 engineers and other workers who used to work at the real-money gaming companies that are no longer in business will be moved to other businesses that are still open, such as FanCode, DreamSetGo, Dream Game Studios, and Dream Money. They will also work on making new AI-powered goods for the creator and sports economy.
Starting in Financial Services
A PTI report says that Dream Sports is also trying out a new app called Dream Money in order to get into the financial services business. The app is still in the testing phase, but it is said to offer services like buying gold for as little as ₹10 a day and making fixed deposits for as little as ₹1,000. This is a big change for the company as it looks for new ways to make money after its main operation was banned.
Jain said that Dream Sports has enough cash on hand to keep its employees and keep running for the next few years. The corporation won’t fight the government’s decision and will follow the new rule, which makes it illegal to play any online games that involve money and punishes violators harshly.