India, Aug. 24 -- After the Online Gaming Bill was given presidential assent, Dream11's parent company announced a new venture for the company. With a ban on all online money games, Dream Sports will now work towards helping people manage their money.

As per a report by Moneycontrol, Dream Sports has working to pilot a personal money management app called Dream Money. The report adds that this will help people invest in gold, fixed deposits and SIPs.

Following the implementation of the Online Gaming Bill, Dream11 issued an official statement confirmed that it has discontinued all their paid contests.

"This morning, we stopped all paid contests on Dream11 and pivoted entirely to a free-to-play online social game," read the statement iss...