After the central government banned online money gaming, Dream11’s parent company Dream Sports is now entering the financial services sector through the Dream Money app. We will learn about Dream11’s new business, features and the impact of government policy.
Dream Sports, the parent company of the online money gaming company, Dream11 Gaming Platform, is now preparing to enter the financial services sector, and is testing a new app called Dream Money for this. Sources familiar with the matter told PTI that Dream11’s new business will be run under the Dream Suite Finance brand. Dream Sports was a leading company providing money-based online gaming services in India. However, after the government banned all types of money-based online money games, Dream11 also had to shut down all its paid games.
What will happen in Dream11’s new business.
A source familiar with the matter said that the Dream Money app has been under development for the past few months as a pilot project. According to the source, the company has not yet officially introduced this platform.
According to the information available on the Google Play Store, the Dream Money app is going to provide users with the facility to buy gold from just Rs 10 per day and deposit (FD) services starting from Rs 1,000. The Dream Money app has been released by Dream Sports’ Dream suit unit.
Despite the online money gaming ban, other Dream11’s new business continue as before.
According to the information given on the Dream suit website, dream suit Finance will soon be launched to provide seamless financial services. Although Dream Sports has completely shut down its online money gaming Dream 11 business following government regulations, the company’s other core businesses continue as before.
Currently, Dream Sports operates the following major services and platforms.
- Dream Set Go → Sports Experience and Travel Platform.
- Sports Event Ticketing Services → Ticketing facilities for major competitions.
- Fan Code → Commercial and sports content platform.
- Dream Game Studio → Special unit for sports development.
- Dream Sports Foundation → Non-profit organization working for athletes and sports development.
These initiatives show that Dream Sports has continued to grow its business in sports, travel, ticketing, digital content and sports development sectors even after the closure of online money gaming.
The central government considers online money gaming a serious social problem.
The Parliament has recently passed a bill, which bans all types of online games played for money and also promotes e-sports as well as social gaming.
According to the information received, this bill was passed in the Rajya Sabha this week without any detailed discussion. The government has stressed that online money gaming has now become a serious social and public health problem, which is having a direct and clear negative impact on society.
The central government believes that such gaming should not be encouraged due to the economic loss caused to people, family stress, mental health risks and social insecurity.
However, the government has also clarified that e-sports and social gaming will be encouraged. It aims to establish India as a global hub of sports development.
Disclaimer: The information given in this article is for educational purposes only. If you want to invest in the stock market, you should learn about the stock market yourself or consult a financial advisor and certified expert. The stock market is risky. Before making any investment, you must consult an expert.
Conclusion
In this article, you have been told in detail about Dream11’s new business, after the ban on online money gaming, Dream 11 Sports with new strategy. If you liked the information given in this article, please like, share and comment on this article.
