New Delhi, July 1 -- Dream Sports will shut down its fintech platform Dream Money on July 30 within a year of its launch, becoming one of the earliest examples of a real money gaming (RMG) company's diversification strategy being rolled out.

The closure comes at a time when the industry is grappling with significant regulatory challenges, including the government's ban on all forms of RMG such as fantasy sports in 2025.

In addition to that, the Supreme Court's ruling earlier this year upheld the retrospective levy of of 28% GST (goods and services tax) on the full face value of bets placed through RMG platforms.

Together, these developments have forced several gaming companies to reassess their business strategies. This prompted popula...