In an unexpected turn of events, Dream11 once the crowning jewel of India’s fantasy sports industry has been slammed with a devastating blow. Following the passage of the Promotion and Regulation of Online Gaming Bill, 2025, the company has reportedly lost a staggering 95 % of its revenues overnight.

Despite the shock, CEO Harsh Jain has taken a resolute stand, assuring employees and stakeholders that no layoffs are on the horizon. He emphasized that maintaining talent is crucial: “When 95 % of revenue is gone, the only path forward is building new, monetizable products and that journey begins with talent,” he said. The bill's swift implementation a “knockout punch,” in Jain’s own words—has left Dream Sports fully compliant, choosing not to legally challenge the regulation.

With its real-money gaming model rendered obsolete by law, Dream11 has suspended all paid contests and shifted to a free-to-play format. Even its high-profile jersey sponsorship of the Indian national cricket team, valued at ₹358 crore, is on shakier ground legal constraints may force an end to the deal.

Still, Jain remains optimistic. He reiterated that the company has enough capital to sustain its 800-strong team for the coming years, choosing to invest in reinvention rather than resistance.

As Dream11 pivots toward new horizons sports AI, streaming, fan engagement it stands as a case study in resilience. From a near-total revenue wipeout to a determined push for transformation, the story of Dream11 underscores the challenges of disruption and the courage to rebuild.