After gaming ban, Dream11 parent enters wealth tech, launches 'Dream Money' for Gold and investments

Dream Sports, the parent company of India’s leading fantasy sports platform Dream11, is testing a new personal finance application named Dream Money, according to a report by Moneycontrol.

What is Dream Money?

The new app is designed to help users manage their finances by investing in gold and fixed deposits, and also track daily expenses.

This marks a significant diversification for the firm as it seeks new revenue streams following major regulatory changes in the Indian online gaming industry.

The law received Presidential assent on Friday, prohibiting online money games, where a user makes a deposit, directly or indirectly, with the expectation of earning winnings on that deposit.

Meanwhile, Dream Money, which has partnered with digital gold trading platform Augmont, allows users to buy gold or set up a SIP (Systematic Investment Plan) on a daily or monthly basis, starting from Rs 10.

Moneycontrol reported that the app also offers fixed deposit investments from Rs 1,000, requiring no bank account, with funds accessible for withdrawal at any time.

Dream11 has cleverly transitioned from paid contests, formally announcing its new app following the issue of the online gaming law.

Dream 11 makes public announcement

On Friday, Dream11 announced that it had ceased all paid games and transformed into a free-to-play online social gaming platform.

It further specified that its fantasy sports operations were less than 1% of the size of the U.S. fantasy sports market.

In an official statement, Dream11 reflected on its 18-year journey as a Sports Tech company, mentioning that its fantasy sports product was an important element in its mission to “Make Sports Better” for India.

The gaming company expressed pride in building the largest fantasy sports platform in the world and affirmed its continuous support for the government’s vision of making India a global sporting superpower.

Dream11 elaborated its broader portfolio, including ventures like FanCode, DreamSetGo, Dream Game Studios, and the Dream Sports Foundation, which it mentioned would continue to contribute to India’s sports ecosystem.

See you in our second innings. pic.twitter.com/oEfBNiC4dd

— Dream11 (@Dream11) August 22, 2025

PM Modi lauds online gaming bill

Prime Minister Narendra Modi had praised the Promotion and Regulation of Online Gaming Bill, calling it a landmark move to balance innovation in gaming with social responsibility.

In a statement on X, PM Modi said that the legislation would encourage e-sports and online social games while protecting society from the damaging effects of online money gaming.

Also read: 'We have not issued any unblocking order for TikTok', clarifies Indian govt (startuppedia.in)