Скачать или смотреть Post-govt ban on real-money gaming, Dream11 bets on sports entertainment; says no jobs lost

Dream11 has announced a major pivot to sports entertainment after the government’s ban on real-money gaming impacted a significant part of its business.

Co-founder and CEO Harsh Jain said the company is “moving away from the gaming piece altogether” and will focus on a watchalong platform that allows users to enjoy matches with others remotely, addressing the “loneliness” of watching sports alone.

Jain said none of the company’s 1,200 employees have been laid off, adding that Dream11 is sufficiently capitalised and does not see the need to raise funds for the next few years.

The new business will rely on advertising and in-app purchases, with plans to tap Dream11’s 250 million registered users. The company will start with cricket and later add more sports.

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