Shutdown · Consumer Internet & Media

Dream Sports shuts down Dream Money fintech unit

What they do

Dream Money is discontinuing all operations effective immediately, stopping new registrations, investments, and loan applications

Active SIPs will be canceled on 7 July 2026, and digital gold will migrate to Augmont from 15 July 2026

The shutdown follows the Promotion and Regulation of Online Gaming Act, 2025 and a Supreme Court GST ruling

Dream Sports is shutting down its Dream Money business immediately.
The company stopped accepting new registrations and investments in June 2026.
Users must cancel active SIPs by 7 July 2026 to avoid charges.
Digital gold holdings will migrate to Augmont starting 15 July 2026.
Mutual fund withdrawals must be completed by 30 July 2026.
Fixed deposit cancellations are allowed until 31 July 2026.
Loan repayments will be managed directly by the lending partners.
The move affects more than one million users of the platform.

New laws under the Promotion and Regulation of Online Gaming Act, 2025 banned online money games.
These rules became effective on 1 May 2026, forcing compliance.
A Supreme Court ruling in May 2026 upheld a 28% GST on stakes.
This tax burden likely contributed to the decision to exit the market.

Dream Sports owns popular platforms like Dream11 and FanCode.
It also runs ventures such as DreamSetGo and Dream Cricket.
The company previously launched Dream Street, an AI-powered stock broking platform.
Dream Money offered products like digital gold and fixed deposits.
It also provided mutual fund distribution and lending services.
Another product, Dream Play, was discontinued in June 2026.
The firm operates a Dream Sports Foundation for social initiatives.