DeFi Daily News
Wednesday, October 21, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

rewrite this title and make it good for SEOOnline Gaming Bill is coming! Dream11 ‘pauses’ pay-to-play contests, tells users their balance is safe & available for withdrawal

zee business by zee business
August 21, 2025
in Business Finance
0 0
0
rewrite this title and make it good for SEOOnline Gaming Bill is coming! Dream11 ‘pauses’ pay-to-play contests, tells users their balance is safe & available for withdrawal
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Fantasy sports app Dream11 said on Thursday that it is discontinuing its operations by “pausing all ‘pay to play’ fantasy sports contests” on its platform. The development followed the Lok Sabha and the Rajya Sabha — the lower and upper houses of Parliament, respectively — clearing the Promotion and Regulation of Online Gaming Bill, 2025, widely known as the Online Gaming Bill. The proposed legislation has rattled the country’s fantasy gaming industry, which has seen exponential growth with the rise of Internet penetration and low-cost connectivity.    

The incoming law — which is yet to secure the President’s assent before it becomes official — is aimed at protecting individuals, especially the youth, from financial harm and addiction linked to online gaming involving money. It also prohibits influential people from endorsing such platforms with provisions for hefty penalty and punishment for offenders. 

Your account balance safe, available: Dream11 to users

“Your account balance is safe and available for you to withdraw from the Dream11 app,” read a message to users on the platform. 

Add Zee Business as a Preferred Source

Online Gaming Bill 

Union Minister Ashwini Vaishnaw has said that lawmakers and the government were duty-bound to act against recurring social evils such as money-based online gaming, highlighting that nearly 45 crore Indians lose around Rs 20,000 crore on such platforms every year.

The law-to-be has provisions for fines to the tune of Rs 1 crore and up to three years imprisonment. The Centre also plans to set up a dedicated online gaming regulator.

“The legislation will apply to the whole of India and also to online money gaming service offered within the territory of India or operated from outside the territory of India,” read an official statement. 

On the other hand, it seeks to support the growth of e-sports and online social games as safer alternatives.

ALSO READ: Online Gaming Bill: Vijay Deverakonda, Ranbir Kapoor, MS Dhoni among many celebrities once under fire for promoting betting platforms

Meanwhile, industry groups have signalled plans to challenge the ban in the Supreme Court, arguing that the government failed to hold consultations and that skill-based games like poker should not be treated on par with betting apps.

Many executives have reportedly warned of major layoffs and shutdowns of app-based businesses.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BalanceBillComingContestsDream11GamingGoodPausespaytoplayrewriteSafeSEOOnlinetellstitleUsersWithdrawal
ShareTweetShare
Previous Post

How to position ahead of Fed Chair Jerome Powell’s speech

Next Post

White House on migrants & National Guard

Next Post
White House on migrants & National Guard

White House on migrants & National Guard

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Bullish Treasuries View Is Contrarian: Markets Analysis

September 15, 2026

US turns up HEAT on Iran

August 14, 2026

What Will TV Look Like In 3 Years?

August 17, 2026
rewrite this title Hanes Kids’ Sock 20-Packs and Underwear 12-Packs only .50 each, plus more!

rewrite this title Hanes Kids’ Sock 20-Packs and Underwear 12-Packs only $7.50 each, plus more!

August 7, 2026
rewrite this title and make it good for SEOExplained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

rewrite this title and make it good for SEOExplained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

August 8, 2026
rewrite this title *HOT* Amazon Grocery Canned Beans as low as alt=

rewrite this title *HOT* Amazon Grocery Canned Beans as low as $0.75 each, shipped, plus more!

August 8, 2026

Adam Silver Talks Limiting Player Prop Bets, Lebron’s Helicopter Commute, & More

October 20, 2026

New Platform, new bots?

October 20, 2026

Your USDC Should Be Earning More. PEER Earn Setup Guide

October 19, 2026

[im shaking] Bitcoin is about to do it again….

October 19, 2026

What will the Federal Reserve Do Next?

October 19, 2026

The Race To Power AI Is Reshaping America’s Electric Grid

October 19, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.