Business tycoon Harsh Goenka sparked laughs across social media platform X with witty post. He wrote, test brand survival skills by investing in Indian jersey not stock market. Comments flooded in, full of humor.
Story starts from last one. Fantasy cricket platform Dream11 ends deal with BCCI. No longer sponsors Indian cricket team. Dream11 name vanishes from Indian jerseys.
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Wednesday Lok Sabha, Thursday Rajya Sabha Friday President approval. Online Gaming Promotion and Regulation Bill 2025 becomes law. Countdown begins for platforms.
Approval forces Dream11 to halt all money-based contests. Crores in revenue expected to crash. Company shifts from pay-to-play system to free-to-play. Massive losses hit hard.
Dream11 pulls out from Indian team sponsorship. BCCI states, if law disapproves, nothing happens. Follow central government policy strictly.
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Dream11 insists, always law-abiding organization. Current contract worth 358 crore. Signed July 2023, meant until 2026. Ends after two years.
Insider buzz – My11Circle next in line. Pays BCCI 125 crore yearly as IPL official fantasy partner.
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BCCI pocketed 1000 crore from both platforms so far. Early end means no money claims from Dream11. Contract clause covers government intervention – no financial ties then.
Debate rages on gaming future in India post this shakeup.