Why a court judgement was Dream11’s click moment

A court ruling that said fantasy sports is not gambling was not only a turning point for Dream11 but for the whole fantasy sports gaming sector

Harsh Jain
Updated12 Nov 2018, 07:12 AM IST
Courts have ruled that fantasy sports are a game of skill, not gambling, says Dream11 CEO Harsh Jain.
Courts have ruled that fantasy sports are a game of skill, not gambling, says Dream11 CEO Harsh Jain.(Courts have ruled that fantasy sports are a game of skill, not gambling, says Dream11 CEO Harsh Jain.)

When we started offering the Dream11 format of fantasy sports about 10 years ago, there was legal clarity but no judicial precedence. Through those 10 years, people told us not to continue in this. We undertook multiple opinions from the top legal brains and they all strengthened our belief that the product we were offering was a game of skill, and, therefore, exempt from Indian gambling laws.

The click moment for us came last year when the judicial system passed a ruling in our favour in a case filed by a user who demanded that the game be considered gambling. In a landmark judgement, the Punjab and Haryana high court declared the Dream11 format of fantasy sports as legal and one that requires considerable skill and judgment, and thus is not gambling and is protected by the Constitution as a legitimate business. This judgement was further ratified by the Supreme Court.

This judicial outcome was not only a turning point for us but for the whole fantasy sports gaming sector, with about 70 startups operating in the space and more launching their products post the high court’s judgement.

With more than 40 million Indian sports fans playing fantasy cricket, football, kabaddi and basketball, we are India’s biggest sports game with 95% market share (according to a recent report by IFSG & AC Nielsen). We’ve also been the first Indian fantasy sports operator to tie up with some of the top sports leagues such as ISL and NBA.

The fantasy sports industry has evolved rapidly over the last few years and the number of operators has grown from 10 in 2017 to 70 today. To ensure user interests are being protected, we’ve also set up the Indian Federation of Sports Gaming (IFSG)—India’s first sports gaming self-regulatory body to protect consumer interest and create standardized best practices in the industry.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.

MoreLess
First Published:12 Nov 2018, 07:12 AM IST
Business NewsCompaniesStart-upsWhy a court judgement was Dream11’s click moment

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Motors

    975.00
    03:49 PM | 17 SEP 2024
    -13.15 (-1.33%)

    Zee Entertainment Enterprises

    133.05
    03:47 PM | 17 SEP 2024
    -1.85 (-1.37%)

    Bharat Electronics

    284.55
    03:29 PM | 17 SEP 2024
    -5.8 (-2%)

    Oil & Natural Gas Corporation

    294.55
    03:48 PM | 17 SEP 2024
    2.05 (0.7%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Himadri Speciality Chemical

    640.70
    03:43 PM | 17 SEP 2024
    47.55 (8.02%)

    Kaynes Technology India

    5,570.25
    03:29 PM | 17 SEP 2024
    266 (5.01%)

    Thermax

    5,235.20
    03:40 PM | 17 SEP 2024
    233.3 (4.66%)

    Varun Beverages

    649.40
    03:43 PM | 17 SEP 2024
    28.3 (4.56%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      72,970.00-150.00
      Chennai
      73,280.0020.00
      Delhi
      73,330.00-2,085.00
      Kolkata
      73,290.00-2,460.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts