The Board of Control for Cricket in India (BCCI) has called off the sponsorship deal with fantasy sports platform Dream11 after the Online Gaming Bill was passed in Parliament last week. The development was confirmed by BCCI secretary Devajit Saikia on Monday, August 25. Here’s all you need to know about the Online Gaming Bill…
The news follows the enacting of Online Gaming law, which bans real-money games such as fantasy sports — both skill based and luck based. The law also bans advertising, promotion and sponsorship of such platforms. In other words, this also renders Dream11’s association with the country’s cricket legally untenable. The developments comes as the country…
In the last decade, the online gaming industry in India has seen massive growth. The industry gained so much because of offering real money to people on the platforms, including battlegrounds, sporting games, quizzes, and card games. But now the government has banned the real money games. On Thursday, August 21, the parliament passed a…
Shares of Nazara Technologies Ltd slipped 4.91 per cent to close at Rs 1,146 on Friday after its associate company, Moonshine Technologies Private Limited which operates PokerBaazi and other card-based gaming platforms announced it has ceased offering real-money online gaming. Nazara holds a 46.07 per cent stake in Moonshine. The move follows the recent passage of the Online…