Dream11's parent company introduces Dream Money app post online gaming ban, providing fixed deposits and gold investments
Dream Sports, the parent company behind the popular fantasy sports platform Dream11, has ventured into the financial technology sector with the launch of a new application called Dream Money. The app, available on the Google Play Store, is published under Dream Suite Platform Private Limited, a subsidiary of Dream Sports.
The Dream Money app offers various financial services, including fixed deposit services beginning at Rs. 1,000 and gold investment options starting at Rs. 10 for daily purchases. It marks a significant step for Dream Sports as it diversifies its business portfolio beyond Dream11.
However, the company is facing challenges due to new regulations imposed by the Indian government on the online gaming industry. Dream Sports has confirmed it won't sponsor the Indian Cricket team due to these new regulations. The Online Gaming Bill 2025 in India affects game apps that involve real money deposits or bets, prohibiting such "Online Money Gaming." Apps impacted include Dream11, MPL, Gameskraft, Zupee, Probo, My11Circle, RummyCulture, WinZO, Nazara, and Head Digital Works, which have suspended or disabled their real-money gaming features while keeping free-to-play options available.
Despite these challenges, no specific information about potential mass layoffs within Dream Sports has been provided. The launch of Dream Money comes after Dream11 was required to shut down its money-based games due to the government ban on online money gaming. Dream Sports' current ventures include Dream Set Go, FanCode, Dream Game Studios, and Dream Sports Foundation.
The Dream Money app is not directly affected by the new regulations, as it is a financial services application and not a game app. However, the details about DreamSuite Finance, another financial services venture by Dream Sports, were not provided.
The success of Dream Sports is evident in its recent funding round, where it achieved a valuation exceeding $8 billion. With the launch of Dream Money, the company continues to expand its reach and offerings in the digital space.
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