Dream11, Games 24x7 hit as real-money gaming banned
Mumbai, Aug. 22 -- Startups such as Dream11, Probo, Zupee, and Nazara-backed Moonshine Technologies, which runs PokerBaazi, Games 24x7, and Mobile Premier League, are shutting down their main business of real-money online gaming, multiple people familiar with the matter said.
The Rajya Sabha approved the Promotion and Regulation of Online Gaming Bill, 2025, banning real-money online games, on Thursday, after it was passed in the Lok Sabha a day earlier.
It now requires the President's assent for it to become law.
The legislation bans platforms that allow users to pay entry fees or wager money on fantasy sports, poker, rummy, etc. "There was a townhall yesterday where (Harsh) Jain (founder and chief executive officer of Dream11) addressed th...
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