 "Real money gaming platforms such as Dream11 have been forced to change their revenue model. Reuters/AP")
In a major development for Indian cricket, fantasy sports company Dream11 has reportedly decided to stop being the lead sponsor of the Indian cricket team. This comes after the Indian Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025, which has banned real-money gaming services on platforms like Dream11.
Dream11 forced to pull out of deal with BCCI?
However, neither Dream11 nor the BCCI have made any official announcement regarding this matter so far. But according to a report in NDTV, Dream11 does not want to continue its deal, and it is almost certain that India will not have Dream11 on the jersey during the upcoming Asia Cup 2025.
The same report also claimed that the BCCI is now planning to invite fresh bids for the title sponsorship. If no new sponsor is found before September 9, India will play the Asia Cup without a lead sponsor on the kit. Jerseys with the Dream11 logo will not be used despite already being printed.
As far as the Asia Cup is concerned, the BCCI has already announced a squad for the marquee event. Suryakumar Yadav has been named the captain, while Test skipper Shubman Gill has been appointed the new vice-captain of the T20 team. India will play their opening match against hosts UAE on September 10.
What’s next for Dream11?
Meanwhile, Dream11’s parent firm Dream Sports is testing a new app, Dream Money, to foray into the financial services sector, sources aware of the development said on Sunday.
Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games.
“Dream Money has been under pilot for the last few months. The platform has not been launched yet,” a source told PTI.
As per information available on Google Play Store, the app will offer gold purchase service on a daily basis, starting from Rs 10 per day and fixed deposits starting from Rs 1,000.
The app has been published by a Dream Sports entity, Dreamsuite.
The website of DreamSuite shows that DreamSuite Finance will be launched soon to offer “seamless financial services”.
Impact Shorts
More Shorts(With agency inputs)