After New Delhi, after effectively banning the sector by the new legislation, which is now on the path to becoming a law, the top Indian startups have begun to shut down the operation after effectively banning the sector.
On Thursday, the upper house of the Indian Parliament approved the online gaming bill, 2025 advertising and regulation. Bill had left the presidential consent just before his law was made just one day after clearing the Lower House – a formal format is expected to happen soon.
Immediately after the bill was approved in Parliament, the Indian Unicorn Dream Sports and Mobile Premier League (MPL), along with Games Craft, Probo, and other startups, began to shut down their real money gaming operations. Some of these companies informed the employees about their decision after passing the bill in the Lower House on Wednesday, while others began to inform users directly through their apps.
Dream Sports, which counts investors, including Tiger Global, Zarb, Alpha View Global, and TCV, has closed the recently launched Quick Play Finsi gaming app, Dream Chen. Other apps, including real money transactions, were still working at the time of filing, including widespread popular Dream 11 and Dream Playing. However, Tech Crunch has learned that a Mumbai -based startup plan is to completely shut down its real mini -gaming business after the legislative process is underway.
At a meeting of his town hall on Wednesday, Startup informed his employees about the implications of the law, the person familiar with the matter told the Tech Crunch, and requested anonymity because of the internal meeting. Indian site intercker Reported Some details about the meeting before.
Dream Sports was planning to expand India outside, two people were informed about the information, on condition of anonymous distribution, because the project was not public.
An investor source told Tech Crunch that the startup also had some partnership talks for his Indian real money business earlier this week, which was about to be finalized.
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A spokesman for Dream Sports refused to comment.
Like Dream Sports, MPL, which supports investors, including peak XV, Times Internet, MSA Novo, and Crown Capital, has suspended all real mini games and is no longer taking the reserves.
Reads a notification on the MPL app, “Deposit Cash (Minus GST) will be available for evacuation from August 22, 2025.”
In support of investors, including the West Cape Group, Toms Bay Capital, Napin Capital, AJ Capital, and Z47 (former Matrix Partners India), Zoopi has also immediately closed real money games.
“According to the new online gaming bill 2025, we are closing salaried sports, but our very famous free titles such as Ludo Supreme, Ludo Turbo, Snake and Stairbage, and Trump card frenzy will be available for free,” Zoopi spokesman said in a statement.
Probo, another peak XV -backed startup, which also counts the height of its key investors and the basic partnerships, stopped the actual money gaming operations after the legislation after Parliament.
“As unfortunate, we respect the latest online gaming bill in India. In light of this development, Pro, in light of this development, has decided to close its actual mini -gaming (RMG) operations with immediate effect.”
The Boatstartup Games Craft has also stopped accepting money on its rami apps as a result of the legislation. Similarly, Times Cricket Cricket Game Creek Boys 11 has closed its work.
The app tells users on a notice, “The deposit (GST net) will be returned to the bank account within 30 days.”
In addition to closing real mini -gaming operations, many employees in these startups have begun searching for new jobs, with hundreds of people posted on social media about their job search.
Tech Crunch told Tech Crunch, “We have no safe jobs, because these companies are expected to reduce some roles in the coming days to maintain their business and satisfy investors,” an employee who, who did not fear future opportunities, was afraid to do so.
Although the startup can challenge the law in the Supreme Court once it is implemented, most have chosen not to follow the path.
“This diagnosis is correct-their Supreme Court will have a fierce fight,” a public policy expert working with some of these real money gaming startups told the Tech Crunch, requesting anonymity to lose the technique.
The joint enterprise of the Real Money Gaming Startup in India costs $ 2 trillion (about $ 23 billion), which earns a gross income of $ 310 billion (about $ 3.6 billion), and earlier prior to the minister and indirect taxes annually $ 200 billion (about $ 2.29 billion). They also offer a 28 % compound annual growth rate that will double the industry size by 2028.
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