Indian cricket is looking for a new main sponsor after fantasy sports gaming platform Dream11 pulled out of a deal worth $43.6m following the government’s ban on online gambling.
Dream11, the biggest online gaming platform in the country, became the lead sponsor of the men’s and women’s national teams after signing a three-year deal in July 2023. The Dream11 logo is printed on the jerseys of the Indian players and it is also the sponsor of several Indian Premier League franchises.
Last week, the Indian parliament passed the Promotion and Regulation of Online Gaming Bill, criminalising the offering and financing of such games, with offenders facing up to five years in prison.
Dream11 withdraws from lucrative cricket sponsorship following India’s gambling ban appeared first on G3 Newswire.
Indian cricket is looking for a new main sponsor after fantasy sports gaming platform Dream11 pulled out of a deal worth $43.6m following the government’s ban on online gambling. Dream11, the biggest online gaming platform in the country, became the lead sponsor of the men’s and women’s national teams after signing a three-year deal in…
The post Dream11 withdraws from lucrative cricket sponsorship following India’s gambling ban appeared first on G3 Newswire.