After the ban on online money gaming, the parent company of the Indian cricket team’s lead sponsor Dream11, Dream Sports, has launched a new personal finance app today (August 23). This Dream Money app will function as a financial management tool. The app will help users invest in fixed deposits (FD) and digital gold. Additionally, it will assist in keeping track of daily expenses and tracking investments. The app is currently in beta testing and is available for limited users on the Google Play Store and Apple App Store. The largest fantasy gaming company in India has taken this step after the Online Gaming Bill 2025 became law. Under this law, there is a complete ban on online real money games. As a result, the largest fantasy gaming platform in India is also having to give up its sponsorship of the Indian cricket team. Company shutting down real money gaming business The new law banning online money gaming has directly impacted platforms like Dream11. Under this bill, promoting, advertising, or investing in real money gaming can lead to punishment and a fine of up to 1 crore rupees. Due to this, Dream11 had to change its strategy, and on Friday (August 22), news came that the company is going to shut down its real money gaming (RMG) business. Dream Sports informed its employees about this in an internal town hall meeting on August 20. Not only this, but the company might also have to give up the sponsorship of the Indian cricket team. Dream11, known for fantasy sports like cricket, football, and kabaddi, now wants to strengthen its reach by entering the fintech sector. The company believes that they already have the trust of millions of users and now they want to convert this trust into financial services. The Dream Money app’s interface will look like this… Features of Dream Money App can become a new revenue source for the company The Dream Money app can become a new revenue source for the company, as their earnings have been affected due to the gaming ban. Meanwhile, it can connect those millions of users to financial products who were previously associated with Dream11 only for gaming. However, some experts believe that due to this ban, people might also turn to illegal gaming platforms, which could promote the black market. Two major challenges facing the new app Major Personal Finance Apps in the Indian Market
