{"id":7978,"date":"2025-08-26T02:18:56","date_gmt":"2025-08-26T02:18:56","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/26\/all-the-talent-is-safe-dream11s-harsh-jain-rules-out-job-cuts-after-govts-rmg-ban-economy-news\/"},"modified":"2025-08-26T02:18:56","modified_gmt":"2025-08-26T02:18:56","slug":"all-the-talent-is-safe-dream11s-harsh-jain-rules-out-job-cuts-after-govts-rmg-ban-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/26\/all-the-talent-is-safe-dream11s-harsh-jain-rules-out-job-cuts-after-govts-rmg-ban-economy-news\/","title":{"rendered":"\u2018All the talent is safe\u2019: Dream11\u2019s Harsh Jain Rules Out Job Cuts After Govt’s RMG Ban | Economy News"},"content":{"rendered":"


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With 260 million users, a trusted brand, and strong talent pool, Jain believes the company is well-positioned to pursue new ideas<\/h2>\n
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Promotion and Regulation of Online Gaming Bill, 2025, cleared by both Lok Sabha and Rajya Sabha this week, seeks to ban all forms of online money games. (File)<\/p>\n<\/figure>\n

Harsh Jain, co-founder of Dream Sports \u2014 the parent company of real-money gaming major Dream11 \u2014 has ruled out layoffs at the sports technology firm despite the severe impact of the government\u2019s blanket ban on real-money games (RMG).<\/p>\n

In an interview with Moneycontrol<\/em>, Harsh Jain said the company had no plans for layoffs and assured that \u201call the talent here is safe.” He emphasised that Dream Sports intends to rebuild by leveraging its workforce, noting that the only way to recover from losing 95 percent of its revenue is by creating new products that can be monetised in the future \u2014 a process, he said, that \u201cwill always start with talent.”<\/p>\n

On August 22, Dream11 suspended all paid contests on its fantasy sports platform and shifted entirely to free-to-play online social games. The move followed the Centre\u2019s new gaming law that prohibits online money games \u2014 defined as those where users deposit funds, directly or indirectly, with the expectation of earning winnings.<\/p>\n

The shift is a major blow, with 95 percent of Dream Sports\u2019 revenues and all of its profits stemming from cash-based contests now deemed illegal.<\/p>\n

Jain said the company still has significant internal demand for talent across its businesses \u2014 including sports content and commerce platform FanCode, sports experiences unit DreamSetGo, game development arm Dream Game Studios, and fintech venture Dream Money \u2014 alongside new products in the pipeline. He also noted that Dream Sports\u2019 cash reserves were sufficient to sustain operations and its workforce for a couple of years.<\/p>\n

Dream Sports had reported operational revenue of Rs 6,384.49 crore in FY23, up from Rs 3,841 crore in FY22.<\/p>\n

Jain likened the company\u2019s current position to that of a Series B startup: \u201cWe already have more than a Series B company has. We have capital, we have the people, we have the user base, we have a brand, and we have some entrepreneurs that are a little more battle scarred than even before.” If any new products succeed, he said, the company\u2019s distribution channels would allow them to \u201cscale widely overnight.”<\/p>\n

Betting on AI<\/h3>\n

Looking ahead, Jain said Dream Sports will focus on sports-related opportunities in India powered by artificial intelligence (AI), particularly in the creator economy.<\/p>\n

\u201cWe have sports content, commerce, fan engagement, analytics, sports performance, and merchandise. All of this is going to be disrupted by AI. And now I have 500 engineers whom I can allocate to solving these problems,” he told Moneycontrol.<\/p>\n

With 260 million users, a trusted brand, and strong talent pool, Jain believes the company is well-positioned to pursue new ideas. While global expansion is on the radar, he stressed that India will remain the priority.<\/p>\n

\u201cI still want to be India first. It\u2019s not only India. And we\u2019ll always be Make-in-India. I am not interested in having offices worldwide. Our HQ will continue to be in Mumbai,” he said.<\/p>\n

Founded in 2008 by Jain and Bhavit Sheth, Dream Sports was last valued at $8 billion after raising $840 million in November 2021 from investors including Falcon Edge, DST Global, D1 Capital, Redbird Capital, Tiger Global, TPG, and Footpath Ventures.<\/p>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> \u00bb economy<\/a> \u2018All the talent is safe\u2019: Dream11\u2019s Harsh Jain Rules Out Job Cuts After Govt’s RMG Ban<\/span><\/div>\n
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Last Updated:August 26, 2025, 07:44 IST With 260 million users, a trusted brand, and strong talent pool, Jain believes the company is well-positioned to pursue new ideas Promotion and Regulation of Online Gaming Bill, 2025, cleared by both Lok Sabha and Rajya Sabha this week, seeks to ban all forms of online money games. (File)…<\/p>\n","protected":false},"author":1,"featured_media":7979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-7978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/7978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=7978"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/7978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/7979"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=7978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=7978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=7978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}