Dream11 Ceo Harsh Jain Had Dropped A Massive Hint on Layoffs Days after Parliament Passed The Promotion and Regulation of Online Gaming Bill, 2025.Fantasy Sports Giant Dream11 Has Intimated to the Bcci that it Won’T be able with the title sponsorship of the title sponsorship of the Indian Cricket Team as the Revenue Stream is Going to Get Hit badly.Dream11 has a 2023-2026 Contract Worth UsD 44 Million (Rs 358 Crore) For Being the title Sponsor of the Indian Cricket Team.The dream11 logo is printed on the jerseys of the Indian players. It is also the sponsor of Several Indian Premier League Franchies. Dream11 is also the official fantasy partner of the Indian super league.“95 per cent of Dream11’s Revenues have disappeared overnight, and 100 per cent of our rights…,” Dream11 CEO Harsh Jain Jain Told Moneycontrol on Manday.
However, Jain maintained that there won’t be any layoffs.“We are not interested in doing any layoffs. All the talent here is safe,” Jain said.While the new bills allows social gaming and subscription-based use, the ban on real money gaming means that the biggest chunk of their reverse stream is done away with.
Poll
Should Dream11 Continue as a Title Sponsor Despite The Revenue Hit?
In a recent statement ised after the law was passed in the upper house of parliament, dream11 stated: “We have always a law-lefting company and have alwayss conducted our business in Compliance in Compliance in Compliance in com. While we believe that Progressive Law Would have been the way, we will see the law and fully comply with the ‘promotion and regulation of online gaming bill 2025’. “Dream11 is also the official partner of the caribbean Premier League and Sponsorsors Australia’s Big Bash League.The Gaming Ban Impacts Platforms For Card Games, Poker, and Fantasy Sports, Including India’s Wildly Popular Homegrown Fantasy Cricket Apps.The government said the rapid spread of gambling platforms Had caused widespread Financial Distress, Addiction, Addiction, and even suicide amon the youth.It also said it was linked to fraud, money laundering, and term finance.
