Dream Sports, the parent company of Dream11, is facing one of its toughest challenges yet. The company has lost almost all its revenue after India banned real-money online gaming. Despite this, co-founder and CEO Harsh Jain has assured that the company will not lay off employees.
“95 per cent of Dream11’s revenues have disappeared overnight, and 100 per cent of our profits…,” Jain told Moneycontrol on Monday.
Dream Sports, once a leader in the real-money gaming space, had to shut down all money-based gaming operations following the new law. Recently, Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025. The law criminalizes offering or financing such games, with offenders facing up to five years in jail.
No Layoffs, Talent to Stay Safe
Jain has made it clear that employees will not lose their jobs. “We are not interested in doing any layoffs. All the talent here is safe,” he said.
The company has over 500 engineers and staff, and it now plans to use them in other parts of the business. This includes Dream Sports’ existing ventures such as FanCode, DreamSetGo, Dream Game Studios, and Dream Money.
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The financial blow is already visible. Dream11 has informed the Board of Control for Cricket in India (BCCI) that it cannot continue as the team’s title sponsor due to a massive revenue loss.
“The only way to deal with 95 per cent of your revenue being gone is to build new products that you can monetise in the future. That will always start with talent,” Jain said.
New Focus on AI and Sports Tech
Dream Sports now plans to shift focus toward new opportunities. Jain believes the sports and creator economy is ready for disruption through artificial intelligence.
“We have sports content, commerce, fan engagement, analytics, sports performance, and merchandise. All of this is going to be disrupted by AI. And now I have 500 engineers whom I can allocate to solving these problems,” Jain said.
The company plans to develop new AI-driven solutions for Indian sports fans, building long-term products beyond fantasy gaming.
Dream Money Pilot Underway
Dream Sports is also testing its entry into financial services with a new platform called Dream Money. The app is still under pilot testing and has not officially launched.
According to PTI, Dream Money will offer gold purchase options starting at ₹10 per day and fixed deposits beginning at ₹1,000. The platform is officially named “Dream Suite Platform Private Limited” and published under the entity “Dreamsuite.”
Jain confirmed that Dream Sports has strong cash reserves. This will allow the company to sustain operations and protect jobs for at least the next two years.
In FY23, Dream Sports reported an operational revenue of ₹6,384.49 crore, a sharp rise from ₹3,841 crore in FY22.
