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FIR against fantasy platform Sportasy under new Haryana gambling law; pressure mounts on Dream11, My11Circle, others
Entrackr
·
1m ago
Medial
Under Haryana’s new gambling law, the state has registered its first FIR against fantasy sports platform Sportasy, owned by Blossomfield Gamingzone Pvt Ltd. The complaint, filed by Hari Nuniya, a resident of Naharpur, signals the beginning of Haryana’s action against fantasy gaming operators. The move follows Haryana's notification of the Prevention of Public Gambling Act, 2025, in May. The revised law includes fantasy sports and opinion trading platforms within its scope, unless they are specifically recognised as "games of skill" by the state government under Sections 2(g) and 16 of the Act. Despite previous court rulings that classify fantasy sports as skill-based, Haryana’s law requires explicit approval at the state level. Without this, even long-time operators may face legal consequences. Platforms like MPL have already suspended their fantasy and opinion-trading services in Haryana, anticipating such risks. But others including Dream11, My11Circle, SportsBaazi, and MyTeam11 continue to operate in the state. With the FIR against Sportasy now public, pressure is mounting on fantasy games, rummy, and opinion trading apps, including Dream11, My11Circle, MyTeam11, and Sportsbaazi, among many others. Legal experts say they could be vulnerable to similar action, including FIRs, criminal proceedings, asset freezes, and operational disruptions, if they fail to secure state recognition. After the new law came into effect, authorities took action in the opinion trading space. In May, Gurugram Police froze over Rs 100 crore linked to the Probo app. Probo then approached the Punjab and Haryana High Court, which refused to release the funds. The company subsequently moved to the Supreme Court on June 2, but the Court directed it to return to the High Court for a full hearing. The High Court heard the matter today and instructed the investigating officers to present all relevant details at the next hearing on June 12 (tomorrow). This FIR against Sportasy is the first known case under the new law targeting a fantasy sports platform. Last month, Entrackr reported on how apps like Dream11, My11Circle, and others are still running in Haryana after the new law came into effect. The report explained how the law’s broad definition of “betting” includes fantasy sports, opinion trading, and other real-money gaming platforms.
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Related News
Games24x7's five-year IPL deal is a long-term growth strategy for brand, says Saroj Panigrahi
Money Control
·
1y ago
Medial
Games24x7's My11Circle emerged as the official fantasy sports partner for the Indian Premier League (IPL) this year, surpassing Dream11 for a 5-year partnership. With a three-fold increase in marketing investment, the company aims to capitalize on the opportunity by fostering a stronger connection with cricket enthusiasts and enhancing the user experience on their My11Circle platform. My11Circle plans to engage with fans by offering additional avenues to interact with the tournament and showcase their cricket skills. The company's IPL campaign focuses on celebrating the love for the game and providing users with rewarding experiences.
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My11Circle Outbids Dream11 To Become Official Partner Of IPL
Inc42
·
1y ago
Medial
My11Circle, a fantasy gaming app, has secured a five-year partnership deal with the Indian Premier League (IPL), outbidding previous partner Dream11. My11Circle will pay INR 125 Cr annually for the rights, totaling INR 625 Cr over the contract period. The announcement from the Board of Control for Cricket in India (BCCI) is expected soon. In a separate development, the TATA Group has secured the title sponsorship rights for the IPL for the next five years, with a record-breaking value of INR 2,500 Cr. Dream11, on the other hand, reported a 32% increase in net profit for FY23 compared to the previous year.
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Dream11 withdraws plea challenging Rs1,200 cr tax notice
Livemint
·
1y ago
Medial
Fantasy sports company Dream11 has withdrawn its petition challenging notices of alleged tax evasion amounting to ₹1,200 crore in the Bombay High Court. The state goods and services tax (GST) authority had withdrawn its show cause notice on Dream11 as the Central GST authorities were pursuing the matter in the Supreme Court. The gaming company was asked to pay a 28% tax on its gross value, with the company arguing that online fantasy sports gaming predominantly involves skill and not gambling.
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NCLAT Overturns NCLT’s Order Against Dream11 Parent
Inc42
·
1y ago
Medial
The National Company Law Appellate Tribunal (NCLAT) has dismissed insolvency proceedings against Sporta Technologies, the parent company of fantasy sports platform Dream11, for an alleged rent default of over INR 7.6 Cr. The Appellate Tribunal noted that the National Company Law Tribunal (NCLT) wrongly admitted the insolvency plea, overlooking the exemption period under the Insolvency and Bankruptcy Code. The NCLAT's decision comes after Reward Solutions filed the insolvency plea in February 2024, claiming that Sporta Technologies failed to comply with a lease agreement. Dream11 recently faced challenges due to the 28% GST imposed on the online gaming sector and a substantial GST notice from the tax authorities. However, the company saw growth in its user base, net profit, and operating revenue in the financial year 2022-2023.
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NCLAT stays insolvency proceedings against Dream11
Inshorts
·
1y ago
Medial
The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed NCLT's order admitting an insolvency plea against Dream11-parent Sporta Technologies. It further directed the NCLT-appointed interim resolution professional to take no action till further order. The insolvency plea was filed against Sporta by an operational creditor over dues worth ₹7.61 crore.
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Epic gets some powerful tech allies in its ongoing battle against Apple's App Store fees
Business Insider
·
1y ago
Medial
Several major tech companies, including Meta, Microsoft, X, and Match, have expressed support for Epic Games in its legal battle against Apple. The dispute revolves around Apple's restrictions on in-app purchases and its charging of up to 30% fees. A 2021 ruling found Apple in violation of competition laws, and although Apple has made some changes to allow alternative payment options, these companies argue that the solution is still insufficient. The development comes as pressure mounts against Apple to provide more consumer payment options and allow fair competition.
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Harsh Jain's Dream11 enters casual real money gaming segment with Dream Play
IndianStartupNews
·
1m ago
Medial
Dream Sports, the company behind Dream11, has ventured into India's casual real-money gaming market with Dream Play, a new platform offering games like Carrom and Pool. Available on Google Play Store and App Store, Dream Play features various game modes and Mega Contests with cash prizes. This move positions Dream Play against established competitors like MPL and WinZO. Dream Sports, valued at $8 billion, reported significant revenue growth, further diversifying its offerings beyond fantasy sports.
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NCLT Admits Insolvency Plea Against Dream11 Parent Over INR 7.6 Cr Default
Inc42
·
1y ago
Medial
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against Sporta Technologies, the parent company of gaming unicorn Dream11, for an alleged rent default of over INR 7.6 Cr. The plea was filed by Reward Solutions Pvt Ltd, claiming that Sporta Technologies consistently defaulted on payment of the license fee. The tribunal recognized Sporta Technologies as a corporate debtor and appointed an interim resolution professional for the case. Dream11 reported a rise in net profit and operating revenue in FY23.
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NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order to remain for now
Economic Times
·
1y ago
Medial
The National Company Law Appellate Tribunal has instructed the insolvency resolution professional (IRP) to refrain from taking further steps in the insolvency proceedings against Dream11's parent company. The IRP has been allowed to keep the company as a going concern until the matter is heard again on February 23. The insolvency proceedings were initiated by Reward Solutions, alleging default of payment of Rs 7.61 crore by Sporta Technologies, the parent company of Dream11. Sporta argued that there was confusion regarding the payment recipient, and Reward Solutions could not be considered an operational creditor.
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Dream11 gets largest ever indirect tax notice in India's history: Report
Inshorts
·
1y ago
Medial
Dream Sports, the parent company of fantasy sports platform Dream11, has filed a writ petition in the Bombay High Court to challenge a show cause notice issued by tax authorities for alleged GST evasion. The tax claim against Dream Sports is reportedly much higher than the previous record of Rs 21,000 crore, potentially reaching around Rs 40,000 crore. The company posted a net profit of Rs 142 crore in FY22. The Central Board of Indirect Taxes and Customs is expected to send similar notices to over 40 skill-gaming companies for alleged tax evasion.
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