Dream Sports, the parent company of fantasy gaming platform Dream11, has ruled out job cuts even after India’s recent ban on real-money gaming wiped out nearly all of its earnings.

Co-founder and CEO Harsh Jain said the company lost 95% of its revenues and all of its profits overnight following the passage of the Promotion and Regulation of Online Gaming Bill, 2025. The law criminalises offering or financing of money-based online games, with penalties of up to five years in jail.

Despite the setback, Jain assured that the company has no plans for layoffs. “We are not interested in doing any layoffs. All the talent here is safe,” he told Moneycontrol.

Dream Sports will now redirect its 500 engineers and staff into other businesses, including sports content platform FanCode, travel and experiences venture DreamSetGo, game developer Dream Game Studios, and financial services pilot project Dream Money. The company is also exploring new AI-led products for sports fans and creators.

Jain said the company’s focus will be on building fresh revenue streams. “The only way to deal with 95 per cent of your revenue being gone is to build new products that you can monetise in the future. That will always start with talent,” he said.

The company has also informed the Board of Control for Cricket in India (BCCI) that it will step away from its national team title sponsorship due to the revenue crunch.

Backed by strong cash reserves, Jain noted that Dream Sports has enough funds to retain staff and sustain operations for the next couple of years. In FY23, the company reported revenue of ₹6,384.49 crore, up from ₹3,841 crore in FY22.

Meanwhile, Dream Money — under pilot testing for the past few months — is expected to offer gold purchases starting from ₹10 a day and fixed deposits from ₹1,000, according to information available on Google Play Store. The app has been published by a Dream Sports entity named Dreamsuite.

For now, Dream Sports continues to operate its non-gaming verticals — FanCode, DreamSetGo, Dream Game Studios, and its non-profit arm Dream Sports Foundation — as it looks to reset its business after the gaming ban.

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