India, July 5 -- Can you really build a house on sand? Well, you can, but it is futile. And that is exactly what has happened with Dream11.

The erstwhile RMG giant ventured into fintech after the Promotion and Regulation of Online Gaming Act, 2025, was passed in August 2025. The downfall of real-money gaming was on the anvil, and the industry players were busy finding their respective lifeboats. While some chose casual gaming and microdrama, Dream Sports chose to offer mutual funds, digital gold, fixed deposits, and loans. It later forayed into stockbroking with DreamStreet.

What surprised everyone was that the fantasy sports startup, running on life support, somehow thought of locking horns with giants like Zerodha and Groww. And, of c...