DREAM 11
Asia Cup 2025: Team India's new sponsor-less jersey revealed
Team India is preparing for the Asia Cup 2025 in the UAE, commencing September 9. Shivam Dube unveiled the new sponsor-less jersey after BCCI's contract termination with Dream11 due to the Online Gaming Bill. The board has initiated the search for a new lead sponsor, with applications open until September 12 and bids due by September 16.
BCCI's Devajit Saikia opens up on parting ways with Dream 11 as Jersey sponsors
The Board of Control for Cricket in India ended its deal with Dream11. Dream11 was the Indian cricket team's jersey sponsor. The Online Gaming Bill led to this decision. The bill aims to regulate online gaming. Devajit Saikia of BCCI spoke about the contract termination. BCCI plans to find a new sponsor.
India begin Asia Cup preparations with nets in Dubai
Defending champions India geared up for the Asia Cup with a rigorous practice session in Dubai, marking their first team training since the England Test series. Key players like Suryakumar Yadav, Shubman Gill, and Jasprit Bumrah participated, with Bumrah's return to T20Is keenly observed after a break.
BCCI sets bid floor price for Team Lead rights
The Board of Control for Cricket in India has announced the reserve prices for the National Team Lead Sponsor rights. The price is ₹3.5 crore per match for bilateral and Asian Cricket Council games. For ICC events, the price is ₹1.5 crore per match. The sponsorship cycle will run from September 30, 2025, to March 31, 2028.
BCCI increases Indian team's jersey sponsorship rates
Sponsoring the Indian cricket team will cost more. The Board of Control for Cricket in India has increased match fees. This follows Dream11's departure due to the Online Gaming Act, 2025. The new rates apply to ICC and ACC events. The board expects to earn over Rs 400 crore. Bids are invited, excluding real money gaming and crypto companies.
BCCI looks for new jersey sponsor to take guard at the crease
The BCCI seeks a new lead sponsor for the national cricket team after Dream11's exit due to the government's ban on money-based gaming. With a soft advertising market, the board has invited expressions of interest, setting a high eligibility bar and excluding firms in betting, crypto, and certain other sectors.
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After Dream11 exit, BCCI opens bids for national team lead sponsor; bars crypto, gaming firms
The Board of Control for Cricket in India invites bids for the Indian national team's lead sponsor. Interested companies can purchase the IEOI document for a fee. The last date to buy the document is September 12, 2025. Bidders must meet specific financial and ethical criteria. Certain categories like gaming and alcohol are restricted.
Real-money gaming apps see sharp decline in downloads, begin layoffs
The Online Gaming Bill, 2025 triggered a collapse in real-money gaming apps, with downloads plunging 60–95% for MPL, Winzo, and Zupee. Dream11 bucked the trend, doubling installs despite the ban. While most players accepted the law, A23 has legally challenged it.
Fantasy sports' exit to slow Indian cricket's run rate
India's cricket economy anticipates a significant setback. A ban on money-based online games may cause a ₹7,000 crore loss. Broadcasters and rights holders who relied on fantasy sports advertising will face challenges. Sponsorship deals are already affected. The Board of Control for Cricket in India seeks a new sponsor for the Asia Cup.
MPL to slash local workforce as real-money gaming ban wipes out India biz
As a group, India accounted for 50% of Mobile Premier League (MPL) parent M-League's revenue and this change would mean that we will no longer be making any money from India in the near future, the CEO told employees over email.
Real money gaming ban leaves 2,000+ workers searching for new jobs
Following the recent ban on online money games in India, over 2,000 gaming professionals are seeking new opportunities. Real money gaming companies are pivoting and diversifying, creating uncertainty among employees, especially in non-tech roles like digital content and marketing. Tech professionals, however, remain in high demand as companies explore new business models.
Gaming app MPL to sack 60% of India staff after real-money gaming ban, source says
Prime Minister Narendra Modi's government this month banned online paid games, citing financial and addiction risks especially among youth, leading to a shutdown of many gaming apps offering paid fantasy cricket, rummy and poker games.
PUBG Battlegrounds maker Krafton eyes major expansion in India: Report
With growth slowing in key markets like China and the US, Krafton sees India as a major opportunity. Sean Sohn, the company’s India head, told the publication that Krafton is actively exploring acquisitions in the country. It also plans to invest at least $50 million annually in India, where PUBG has remained one of the highest-grossing games in recent years.
Dream 11 out, BCCI hunts for next big hitter
The Board of Control for Cricket in India aims to secure ₹452 crore via front-of-jersey sponsorship. This follows Dream 11's exit due to government regulations. The sponsorship covers 140 matches from 2025-28. BCCI seeks ₹3.5 crore per bilateral match and ₹1.5 crore for ICC/ACC events. Despite limited time before the Asia Cup, strong sponsor interest is anticipated.
Stop them at the gate! India has a new battle against the betting traps
An Indian parliamentary committee is pushing for stricter digital verification of offshore betting advertisers, citing a surge in fraudulent promotions targeting Indian users. This comes after a ban on domestic real money gaming (RMG) crippled local platforms, inadvertently opening the door for foreign sites like Parimatch and 1XBet.
Crypto futures overtake spot deal; Eternal's tax woes
Indian crypto traders are shifting to futures trading for higher leverage and tax benefits. This and more in today’s ETtech Top 5.
Dream Sports CEO Harsh Jain: Won’t legally challenge real-money gaming ban by Indian govt
Jain said the company has current cash reserves to survive for the next few years as the government’s blanket prohibition on real-money gaming wiped out 95% of its revenue. It will now focus on building businesses in sports AI, streaming, and creator-led fan engagement.
The ET Startup Awards 2025: elite jury to pick winners on August 28
Happy Tuesday! The ETtech team has been neck-deep preparing for the past few months to bring you the 11th edition of The Economic Times Startup Awards (ETSA). Today, we are unveiling the elite jury and nominees for two more categories — Woman Ahead and Social Enterprise.
Dream Sports valuation to plummet; has cash runway of few years: CEO Harsh Jain on real-money gaming ban
However, Jain is confident of the investors backing him. The company’s cash reserves provide it with a few years of runway, he added. Dream Sports, the parent of fantasy sports app Dream11, was last valued at $8 billion during its 2021 funding round, when it raised $840 million from Tiger Global, Alpha Wave Global, DST Global, and TPG.
Dream11 won’t fight RMG ban; Tata Digital’s next CEO
CEO Harsh Jain said Dream11 will not challenge the ban on real money gaming that wiped 95% of its revenue. This and more in today’s ETtech Top 5.
BCCI begins process to find new sponsor following Dream11's exit
Team India may enter the Asia Cup without a jersey sponsor as Dream11's partnership ends due to the government's ban on real money gaming platforms. The BCCI is actively seeking a replacement, but finalizing a deal before the tournament seems unlikely. This ban impacts revenue for fantasy leagues and gaming companies, potentially affecting other sponsorships like My11Circle's IPL partnership.
From Sahara to Dream11: Harsh Goenka calls India's cricket jersey as 'real brand survival test'
Harsh Goenka's comment highlights the risks of sponsoring the Indian cricket team. Dream11 ended its jersey deal after a new gaming law. Many past sponsors like Sahara and Byju's faced financial or legal issues. The Board of Control for Cricket in India seeks a new sponsor for the Asia Cup. Despite the 'jersey jinx,' the sponsorship remains highly desirable.
Earned money from Dream 11, Rummy, other real money gaming apps? File ITR now to report this income or risk tax notice and likely prosecution
Income from online real money games like Dream 11 and Rummy is taxable, necessitating ITR filing. Even small winnings are subject to a 30% tax rate, and TDS is deducted by gaming platforms. Failure to report such income can lead to tax notices and potential prosecution, emphasizing the importance of compliance.
Dream11, BCCI end jersey sponsorship after online gaming ban
The BCCI has confirmed the conclusion of its ₹358-crore jersey sponsorship agreement with Dream11. This decision follows the enactment of the Promotion and Regulation of Online Gaming Bill, 2025, which led Dream11 to discontinue its real money gaming activities. BCCI Secretary Devachit Saikia stated that the board will refrain from associating with similar organizations in the future.
Dream11 parent testing app to foray into financial services under DreamSuite Finance
Dream Sports is testing a new app, Dream Money, to foray into the financial services sector. It 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.
Dream11 in talks with BCCI to exit ₹358 crore jersey sponsorship after gaming ban
Dream11 is in talks with the BCCI to potentially exit its jersey sponsorship deal due to the government's ban on real-money gaming, impacting advertising for such platforms. The new online gaming law prohibits promotion of these games, making the sponsorship unfeasible.
Online Gaming Act: Dream 11, My11Circle shut down real money games
Dream11 and My11Circle have ceased real-money gaming offerings following the enactment of a law banning such services. Other companies like Zupee and MPL are also discontinuing or suspending real-money games. Companies are exploring alternative advertising models and international markets to mitigate the impact of the new regulations, while also considering legal challenges based on previous court rulings favoring skill-based gaming.
Dream11, My11Circle, other real money gaming firms begin discontinuing offerings
While some firms have announced the shutting down of real-money offerings, others are weighing the option of tapping overseas markets where real-money play is legal. For the domestic market, they plan to shift to free, ad-supported contest formats. But this is not expected to keep players looking for financial payoffs, engaged.
Pokerbaazi stops real money online gaming operations after Dream11, My11Circle
Pokerbaazi has announced a halt to its real money online gaming services. This decision follows the passage of the Online Gaming Bill by the Parliament. The company stated that the suspension is effective immediately. Pokerbaazi will assess its next steps after the Bill becomes law. The company expressed sadness about this development. The future of Pokerbaazi's operations remains uncertain.
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