The top Indian startup at the real-mani gaming space has started stopping operations after New Delhi effectively restricted the region through new law, which is now on the verge of law.
On Thursday, the upper House of the Indian Parliament passed the online gaming bill, 2025 promoted and regulation-a proposal to ban all real-mani gaming with the objective of promoting assessment online games and e-Sports. The vote came exactly a day after the bill cleaned the lower house, only before the law was enacted – a formality is expected to happen soon.
Shortly after the passage of the bill in Parliament, the Indian Unicorn Dream Sports and Mobile Premier League (MPL)-as well as other startups such as Gameskraft, Probo, and Zupee-and Zupee-and Zupee started shutting down their real-mani gaming operations. Some of these companies on Wednesday informed their decision employees about their decision after the bill was passed in the lower house, while others began to inform users directly through their app.
Dream Sports, which counted investors including Tiger Global, Multiples, Alpha Wave Global and TCV, has closed the recently launched Quick-Plan Fantasy Gaming App, Dream Pix. Its other apps associated with real-wealth transactions, including widely popular Dream 11 and Dream Play, were also operational at the time of filing. However, Techcrunch has learned that the Mumbai-based startup plans to completely shut down its real-mani gaming business when the law applies.
At the meeting of his town hall on Wednesday, the startup informed his employees about the implication of the law, a person acquainted with the case told Techcrunch, requesting oblivion as a meeting. Indian site Informed Some details about the meeting first.
Dream Sports was planning to expand outside India, two people told Pravi for information that the plan was not public, as the plan was not public.
The startup earlier this week talked about some partnership for its Indian real-mani business, which was finalized, an investor source told Techcrunch.
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A Dream Sports spokesperson refused to comment.
Similar to Dream Sports, supported by investors including MPL, Peak XV, Times Internet, MSA Novo and Crown Capital, have suspended all real-money games and are no longer submitting.
The MPL reads an information on the app, “Deposit Cash (Minus GST) will be available for withdrawal from 22 August 2025.”

Zupi, supported by investors, including investors, including Westcap Group, Tomless Bay Capital, Napian Capital, AJ Capital and Z47 (East Matrix Partners India) has also shut down the real-mani game with immediate effect.
In a statement in a statement, “According to the new online gaming bill 2025, we are closing the paid game, but our highly popular free titles such as Ludo Supreme, Ludo Turbo, Snake and Laders, and Trump Card Mania will be available for free to all users.”
Probo, another peak XV-supported startup, which also counts the Elevation Capital and Fundamentum Partnership among its leading investors, prevent his real-mani gaming operation after the Greenlight of the law of Parliament.
Gurugram-based startup said, “As unfortunate, we respect India’s latest online gaming bill. In the light of this development, Probo has decided to close his real-mani gaming (RMG) operations with immediate effect.”
Bootstraped startup gamescraft has also stopped accepting money on its Rummi apps as a result of the law. Similarly, Times Internet -owned fantasy cricket game Cricbuzz11 has discontinued its operation.
“Deposits (NET of GST) will be returned to the bank account within 30 days,” the app tells users on a notice.
In addition to the shutdown of the real-mani gaming operation, many employees of these startups have started searching for new jobs with hundreds of postings about their job victims on social media.
Techchchan said, “We no longer have a safe job, as these companies are expected to cut some roles to maintain their business and satisfy investors in the coming days.”
Even though these startups can challenge the law in the Supreme Court of India, once it is implemented, most have chosen not to pursue that route.
“This assessment is accurate-they will fight a tough fight in the Supreme Court,” some of these public policy experts working with real-mani gaming startups told Techcrunch, requesting oblivion for fear of losing customers.
There is a joint venture assessment of 2 trillion (about $ 23 billion) in real-mani gaming startups in India, produces a cumulative revenue of ₹ 310 billion (about 3.6 billion), and contributes ₹ 200 billion (about $ 2.29 billion), which are represented in direct and indirect taxes, which are also cited in their letters. Will double the size of the industry by 2028.