The Online Gaming Bill, designed to regulate and restrict online money gaming, was passed by both houses of the Indian Parliament over two consecutive days. The bill prohibits individuals from offering online money games or services and includes provisions for penalties and imprisonment for violations. The most significant impact of this law will be felt by fantasy gaming services in India, where users wager money to create teams for real-world sports matches like cricket and football, with winners receiving cash and other prizes. Dream11, a prominent player in this sector, has been actively involved in Indian cricket. In 2023, Dream11 entered into a ₹358 crore deal with the BCCI, becoming the title sponsor for the Indian cricket team, with the Dream11 logo featured on the team’s jersey. This agreement is set to expire in 2026, but the recent bill’s passage has triggered concerns about its effect on the BCCI.
Online Gaming Bill Threatens Dream11’s Operations, Raises Concerns for BCCI Finances
