'Fantasy players create their own team, get phantom money and start playing the virtual game.'
74% of users play fantasy sports 1-3 times a week, with the majority playing once a week and 20% of the respondents reported playing more than five times a week, says a report on the online gaming industry in India.
Following their passion paid off for Harsh Jain and Bhavit Sheth with their fantasy sports platform Dream11 entering the unicorn club with a valuation of over $1 billion.
Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.
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