Following a ban on real-money gaming, Dream Sports, the parent company of Dream11, is strategically expanding its portfolio across 11 companies, including a new venture into wealth management and stockbroking, with a focus on serving a mass user base through AI-first solutions, cofounder Harsh Jain confirmed.
In 2023, the BCCI announced a deal with Dream11 as the lead sponsor for Team India. Dream11 replaced Byju's, whose contract ended in March that year, and had signed the agreement with BCCI for a period of three years.
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With the Asia Cup starting September 9 in the UAE, the team could play without a sponsor logo after the government passed the Online Gaming Bill.
The BCCI has secured a lucrative Rs 270 crore (Rs 2,700 million) sponsorship deal from Google's AI platform Gemini ahead of the 2026 Indian Premier League (IPL).
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A key blow for JioStar came from an unlikely source: The Indian government's ban on real-money gaming, the sector that had become cricket's biggest advertiser.
Apollo Tyres has been locked in as the new jersey sponsor for the Indian cricket team following the exit of online game platform Dream11, a senior BCCI official told PTI on Tuesday.
In 2023, the BCCI announced a deal with Dream11 as the lead sponsor for Team India. Dream11 replaced Byju's, whose contract ended in March that year, and had signed the agreement with BCCI for a period of three years.
Following the government's recent Promotion and Regulation of Online Gaming Act, 2025, the BCCI promptly cancelled the contract of the Indian team's lead sponsor, Dream11.
'It is a process that takes a certain amount of time and needs to be done keeping legal modalities in mind.'
The BCCI invited bids for the Indian cricket team's title sponsorship rights after fantasy sports giants Dream11's pullout.
RMG firms Dream11, Games24x7, Gameskraft and MPL lost unicorn status after the gaming ban while fintech players led 11 new unicorns added in 2025.
IPL chairman Arun Dhumal spoke on the BCCI finally having started the "ball rolling" as far as finding a new lead sponsor for Team India is concerned
BCCI's vice-president Rajiv Shukla said the Indian cricket team's new jersey sponsor will be finalised in the next two to three weeks.
According to Cricbuzz, Indian cricketers could collectively be staring at losses of around Rs 150-200 crore in endorsements.
In Dubai, as the Indian cricket team fine-tunes its preparations for the Asia Cup 2025, fans have noticed a surprising change - for the first time in years, the squad is training without any sponsorship branding on their kit.
Defending champions India had a full-fledged practice session at the ICC Academy in Dubai on Friday as they put the finishing touches to their Asia Cup preparations.
Dream11 will be seen on Team India jerseys starting from the Test series against the West Indies.
What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.
The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.
'There is responsibility to make great games that are played by audiences, that fill the gap from an entertainment perspective.'
Chinese sponsorship became a bone of contention after the BCCI declared it would review the deals following the violent clashes between the armies of both the countries in eastern Ladakh.
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.
Initially, we will look to take a small batch of a few hundred students, with a plan to increase this to 5,000 students in the next five years, and eventually 10,000 by 2036.'
Dream11 had been the IPL title sponsors for the 2020 edition, winning the rights for Rs 222 crore
Dream11, Baazi Games, Zupee and WinZO among others are invited for the discussion with the anti-money laundering watchdog.
With 90% of the inventories sold out, JioStar expects to ring in more than a 58% increase over last year's IPL, when it clocked Rs 3,900 crore.
They have won the IPL title rights for this season but whether fantasy gaming platform Dream11 hold on to that for the next two editions will depend on how high they raise the bid as the BCCI is unwilling to settle for the current offer.
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The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has entered into a partnership with the Startup Policy Forum (SPF), a premier industry organisation representing India's leading new-age companies.
The new round values the company at $2.5 billion, more than double the over $1 billion valuation Dream 11 enjoyed in April 2019 when it was declared the country's first gaming unicorn.
Criticisms about the font size of Dream11's logo and its placement on the jersey have been circulating on social media.
Dream 11 all set to replace BYJUs as Indian team's principal jersey sponsor
Rachin Ravindra becomes youngest recipient of Sir Richard Hadlee Medal
GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday. The official, however, said there is no data yet of foreign gaming companies registering in India since October 1. The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1.
'This year's detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.'
Mumbai-based Dream11, which is run by Sporta Technologies Private Limited, reported a profit of Rs 181 crore (Rs 1.81 billion) in FY2020, making it one of the few Indian consumer-tech unicorns to have turned profitable.
IPL teams like Mumbai Indians and Rajasthan Royals launched digital initiatives to connect with fans.
CAIT is against BCCI selecting Dream 11 as the sponsor of IPL 2020 since it has Chinese company Tencent Global as one of its major stakeholders.
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