Dream Sports, the parent company of India's leading fantasy sports platform Dream11, has started testing a new personal finance app called Dream Money, according to reports. The app is intended to help users manage their finances by investing in gold and fixed deposits and tracking daily expenses.
This move represents a significant diversification for the company, which is looking for new revenue streams following major regulatory changes in India's online gaming industry.
Key Highlights
- Dream Sports launches Dream Money app, enabling investments in gold and fixed deposits starting from ₹10 and ₹1,000 respectively.
- App offers daily/monthly SIPs, real-time spending insights, and easy withdrawals without requiring a bank account.
The development comes shortly after Dream11 announced that it would discontinue all paid contests on its fantasy sports platform and focus solely on free-to-play social games. This change is consistent with the Promotion & Regulation of Online Gaming Law, 2025, which recently received Presidential approval.
The new legislation prohibits online games that require real money deposits with the goal of winning more money, in an effort to reduce gambling-related risks and protect users from potential fraud.
Dream Money allows users to invest in digital gold or set up a Systematic Investment Plan (SIP) with daily or monthly contributions starting at Rs 10. To make this possible, Dream Sports has partnered with Augmont, a digital gold trading platform. Furthermore, the app enables users to invest in fixed deposits beginning at Rs 1,000 without the need for a bank account. These funds are withdrawable at any time, giving users the flexibility and convenience they need to safely grow their savings.
Dream11's transition away from paid contests was formally announced following the passage of the online gaming legislation. Dream11 announced on Friday that it would no longer offer paid games and would instead operate as a free-to-play online social gaming platform.
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The company emphasized its commitment to operating within legal frameworks, citing its longstanding reputation as a law-abiding entity. Dream11 stated that its fantasy sports operations were still less than 1% of the size of the US fantasy sports market, emphasizing the limited scope of its paid gaming activities.
In an official statement, Dream11 reflected on its 18-year journey as a Sports Tech company, stating that its fantasy sports product was a critical component of its mission to "Make Sports Better" for India.
The company expressed pride in creating the world's largest fantasy sports platform and reiterated its support for the government's goal of making India a global sporting superpower. Dream11 also highlighted its broader portfolio, which includes ventures such as FanCode, DreamSetGo, Dream Game Studios, and the Dream Sports Foundation, which it stated would continue to drive its vision and contribute to India's sports ecosystem.
Prime Minister Narendra Modi praised the passage of the Promotion and Regulation of Online Gaming Bill, calling it a historic step toward balancing gaming innovation with social responsibility. In a statement on X (formerly Twitter), Prime Minister Modi stated that the legislation would promote e-sports and online social games while protecting society from the negative effects of online gambling.
Dream Sports' Dream Money clearly signals its intention to diversify into the financial technology space while remaining responsive to regulatory changes in online gaming. The app not only offers users accessible investment options, but it also demonstrates the company's resilience and ability to adapt its business model in response to India's changing legal landscape.
This next stage of Dream Sports' journey could cement its position as a major player not only in fantasy sports, but also in personal finance and digital investment.
