Deals pick up in real-money gaming with favorable court rulings

After recent positive court verdicts on online rummy and fantasy sports, funding and consolidation activity is picking up in the real-money gaming space. But to thrive, these companies still need to figure ways to mitigate regulatory risks



Madhav Chanchani

August 31, 2021

4 Min Read

Action is picking up in India’s real-money gaming industry, which includes fantasy sports or card-based games such as rummy and poker, after two recent court verdicts.

Dream11, which dominates the online fantasy gaming market, is likely to see its valuation cross $8.5 billion in a fresh share sale, Entrackr reported on Monday, up from its March valuation of $5 billion. 

Nazara Technologies, the only listed gaming company in India, on Friday announced the acquisition of OpenPlay Technologies, which operates rummy-based games, for Rs 186.4 crore (about $25 million) in cash and stock.

Mobile Premier League, which offers about 60 games including fantasy sports and rummy on its platform, is reportedly looking to more than double its valuation of $945 million. 

What’s Changed? Two recent court rulings with far-reaching implications are driving investor confidence in the sector.

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