Dream Sports, the parent company of Dream11, has started testing a new personal finance app called ‘Dream Money,’ which lets people invest in gold and fixed deposits and also keep track of their daily expenses, according to a report by Moneycontrol.
This step comes as the company looks to expand into new areas after it stopped all paid contests on its main fantasy sports app, Dream11. It now only offers free-to-play social games to follow India’s new online gaming law. The law, which got Presidential approval on Friday, bans online games that involve real money deposits with the aim of winning more money.
Through Dream Money, users can invest in gold or set up a SIP (Systematic Investment Plan) starting at just Rs 10 daily or monthly. For this, Dream Sports has tied up with Augmont, a digital gold trading platform.
The app also lets users invest in fixed deposits starting from Rs 1,000, without needing a bank account, and the money can be withdrawn anytime, the report mentioned.
Dream11’s public statement
The company said in a public statement that it honours and supports Prime Minister Narendra Modi’s ambition of making “India a global sporting superpower,” and hence is going by the law.
The company announced that it stopped all paid games on Friday morning, adding that its scale is not even 1% of the fantasy sports market in the USA.
PM Modi on Online Gaming Bill, 2025
PM Modi on Thursday hailed the passage of the Promotion and Regulation of Online Gaming Bill, 2025, in both Houses of Parliament, calling it a landmark move that will boost e-sports while protecting society from the negative impact of online money gaming.
Sharing his views on X (formerly Twitter), PM Modi wrote, “This Bill, passed by both Houses of Parliament, highlights our commitment towards making India a hub for gaming, innovation and creativity. It will encourage e-sports and online social games. At the same time, it will save our society from the harmful effects of online money games.”