Dream Sports Reshapes Business After RMG Ban: Sees Over 100 Executive Exits

Dream Sports, known as a parent company of Dream11 reorganised its operations amid regulatory challenges in India’s real-money gaming (RMG) sector, which led to exit of over 100 executives

Operational Restructuring

Following the online gaming ban imposed in August last year, Dream Sports restructured its business into several independent startups. These include Dream11 (in a revised format), FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money and Dream Horizon.

As per news reports, the company redistributed Dream11’s workforce of about 700 employees across the newly created startups based on their expertise and roles. Around 15% of employees chose to move on, either joining larger companies or launching their own ventures. Dream Sports currently employs roughly 950 people across its businesses.

Shift Beyond Fantasy Gaming

The regulatory curbs on real-money gaming have prompted Dream Sports to reposition itself beyond fantasy sports. The company is now focusing on building a broader global sports entertainment platform.

Its offerings now include creator-led watch-along experiences, fan engagement features, interactive banter streams, and free-to-play fantasy formats designed to expand its audience without relying heavily on real-money gaming.

Also Read: Mirae Asset Financial Services Completes Merger with Sharekhan Financial Services Arm 

Dream 11’s Financial Performance

The shift comes alongside a slowdown in financial performance at Dream11. According to company filings, Dream11’s revenue from operations declined 15% year-on-year to ₹6,759 crore in FY25, compared with ₹7,934 crore in FY24.

The company also reported a loss of ₹479 crore in FY25, reversing a profit of ₹1,295 crore in the previous financial year. The filing attributed the loss primarily to expenses related to a change in corporate domicile and benefits extended to directors.

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