Goa, Aug. 22 -- India has moved to ban online gambling, with parliament passing sweeping legislation designed to curb addiction and fraud. Government figures indicated that gambling firms were siphoning $2.3 billion a year from nearly 450 million people, prompting urgent calls for reform.

The new law directly impacts fantasy sports platforms, including Dream11, which has been a prominent sponsor of the Indian cricket team since July 2023. With its logo emblazoned on Team India jerseys, the platform's future role in sponsorship now hangs in the balance. The BCCI has not confirmed its position, though secretary Devajit Saikia assured that the board "will follow every government policy."

The Promotion and Regulation of Online Gaming Bill c...