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News · Consumer Internet & Media

Dream11 pivots to free sports engagement platform

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Date
Company
Dream11
What it does
Global sports engagement platform
Kind
News
Based in
Mumbai
Sector
Consumer Internet & Media

What they do

Dream11 operates a multi-sport platform providing live streaming, statistics, commentary, and community experiences for fans

What happened

The company has ended all prize-money contests and transitioned to a free-to-play model following new gaming regulations

Why it matters

This pivot follows the 2025 law prohibiting online money games, which impacted over 95% of the company's previous revenue

The details

  • Dream11 has officially ended all prize-money contests on its platform.
  • The company completed a pivot to become a global sports engagement platform.
  • Users confirmed that paid contests have stopped and subscription fees are being refunded.
  • The platform now focuses on AI-first personalization for sports fans worldwide.
  • The service provides live streaming, match statistics, commentary, and community-driven social contests.
  • The company previously tested this model through IPL 2026 using creator-led watch-alongs.

The bigger picture

  • The Promotion and Regulation of Online Gaming Act, 2025 prohibited online money games in India.
  • This legislative change eliminated more than 95% of the company's total revenue.
  • The company halted all paid contests immediately after the law came into force.

About the business

  • The platform serves a user base of 300 million people.
  • It offers content across multiple sports, leagues, teams, and individual players.
  • The platform uses AI to personalize the experience based on user preferences.
  • It operates from its corporate office in Worli, Mumbai.
  • The business is now structured as a free-to-play engagement model.

The deal

Type
other

Founders

  • Harsh Jain, Founder
  • Bhavit Sheth, Founder

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