Story perspectives

Flutter Exits India as Gambling Ban Forces Industry Shift

8/26/2025

Summary

Story summary

Flutter Entertainment has exited its Junglee Games subsidiary due to India's new online gambling ban.
Dream11 and other operators have halted operations, with Dream11 ending its sponsorship of the Indian cricket team.
Dream Sports and MPL may pursue legal challenges against the ban, citing the skill-based nature of their games.
Hike is refocusing on the US market after closing its Indian operations.
The Enforcement Directorate has raided properties linked to Goa casino owner KC Veerendra.

History

Historical Context

In 2018, India's Supreme Court ruled that skill-based games were legal, leading to a surge in online gambling. However, in 2023, the government imposed a ban on online gambling, affecting major companies like Flutter Entertainment and Dream11. This crackdown highlights ongoing tensions between regulators and gaming operators, potentially prompting legal challenges and a shift in focus to more favorable markets like the US.

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Story summary

Flutter Entertainment has exited its Junglee Games subsidiary due to India's new online gambling ban.
Dream11 and other operators have halted operations, with Dream11 ending its sponsorship of the Indian cricket team.
Dream Sports and MPL may pursue legal challenges against the ban, citing the skill-based nature of their games.
Hike is refocusing on the US market after closing its Indian operations.
The Enforcement Directorate has raided properties linked to Goa casino owner KC Veerendra.

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