Despite the regulatory challenges, the fantasy cricket remains a multi -billion dollar industry, reshaping the landscape for sports and games in India. The increased impact of the Dream11 in IPL tournament conditions has raised concerns about gambling behavior, with critics saying it is encouraging speculative spending among young users.
The exponential growth of fantasy cricket has sparked a debate on India’s regulatory policies on stock markets. Experts argue that the strict regulations on the stock market have made it difficult for investors to make money, while internet gaming platforms are aggressively promoted, especially among young people.
Finance expert AK Mandan’s tweet exceeded Demat’s accounts on Thomas on Monday. “The Dream11 accounts are now surpassing Demat’s accounts. This is what the government wants in India,” Mandan tweeted, claiming to be a deliberate change in focus on creating wealth by investing in online games.
The Dream11 has seen exponential growth, fueled by celebrity approvals and widespread marketing campaigns. With Bollywood and Cricket’s supererstalls promoting the application, it has become the name of the household, especially among young sports enthusiasts.
According to the latest figures available, the Dream11 has approximately 220 million users in India. This figure reflects significant growth in the platform’s user base, which has expanded from 150 million to 220 million over the past year.
Conversely, the total number of Demat’s accounts in India reached approximately 185 million since the beginning of this year.
Mandan suggests that although the government has introduced various regulations to prevent excessive speculation on the stock markets, it has not imposed similar restrictions on the internet. “They have put many regulations on the stock markets to make it impossible to make money,” he wrote. “They make every possible move to convey young people to internet games by promoting the Dream11 with all the superhurts.”
The claim sparked a broader discussion of financial literacy, responsible investment and the role of online games in India’s economy. While the stock market remains a wealth of wealth, the growing popularity of fantasy sports raises concerns about the behavior of gambling in young Indians.
However, the government argues that its regulations aim to provide transparency and protection of investors in financial markets.
