India, Aug. 26 -- As the Indian real-money gaming (RMG) ecosystem crumbles under the impact of new online gaming laws, fantasy sports giant Dream11's cofounder and CEO Harsh Jain has reportedly said that the company has no plans to challenge the constitutional validity of the new rules.

"When our business model was constitutionally protected, we ran it. Now that the law has changed, we've complied immediately - even before the ban was formally signed. And I can say clearly - Dream11 will not challenge this law in court," Jain told Storyboard18.

Refusing to explicitly comment on the Centre's decision to ban RMG, Jain, however, reportedly said that he had hoped for regulations rather than an outright ban.

Citing Tamil Nadu's example, he ...