Sports technology company Dream Sports, the parent of Dream11, has reorganised its business structure following regulatory challenges in India’s real money gaming (RMG) sector. The restructuring has resulted in the exit of more than 100 executives.
The changes come after regulatory restrictions on online real money gaming last year, which prompted Dream Sports to restructure its operations into multiple independent startup units.
New Structure with Multiple Startups
Following the restructuring, Dream Sports now operates several focused platforms including Dream11 (pivoted), FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon.
According to the company, Dream11’s workforce of around 700 employees was redistributed across these newly structured businesses based on experience and expertise. Approximately 15% of employees chose to move on, either joining larger companies or launching their own ventures. The company stated that this attrition level is only slightly higher than its earlier 10% attrition rate.
Currently, Dream Sports employs around 950 people across its businesses.
Pivot Beyond Real-Money Gaming
In response to regulatory changes, the company is repositioning itself as a broader sports entertainment platform rather than relying solely on fantasy gaming.
Its new strategy includes creator-led watch alongs, fan engagement experiences, banter streams, and free-to-play fantasy formats designed to drive engagement without relying on real money gaming mechanics.
Financial Impact
The regulatory pressure has already impacted financial performance. Dream11’s operating revenue declined 15% year-on-year to ₹6,759 crore in FY25 from ₹7,934 crore in FY24. The company reported a loss of ₹479 crore during the year, compared to a profit of ₹1,295 crore in FY24.
According to the company’s filings, costs related to a domicile shift and directors’ benefits contributed significantly to the losses.
Wider Industry Impact
The RMG restrictions have triggered layoffs across the gaming industry. Companies including Gameskraft, A23 Rummy (Head Digital Works), Zupee, MPL, Baazi Games, and Games24x7 have all announced significant workforce reductions.
As the sector adapts to tighter regulations and scrutiny from enforcement agencies, gaming companies are increasingly exploring advertising-led and subscription driven monetisation models to sustain growth.
Follow Startupbydoc for daily startup insights, funding news, IPO analysis, and business breakdowns.