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Dream 11 suspends Karnataka operations

Date: 11 October 2021 Tags: Miscellaneous
  • Dream11, one of India’s most popular gaming apps backed by Tiger Global, has suspended operations in the state of Karnataka after a complaint was registered against its founders claiming it was in violation of a new state gambling law.
  • Dream11, which provides a fantasy gaming platform for various sports, last year became India’s first gaming startup to be valued at over $1 billion. It has faced legal challenges in the past due to the similarities of fantasy gaming to gambling.
  • The state law, which came into effect last week, bans online games involving betting and wagering and “any act or risking money, or otherwise on the unknown result of an event including on a game of skill”.