Gaming
Hero Indian Super League 2022-23: FC Goa onboards Adda52.com as associate sponsor
Mumbai: FC Goa welcomes online poker destination Adda52.com as the club’s associate sponsor for the 2022–23 season. As a part of the association, the name and logo of Adda52.com will appear on the right chest part of the club’s first team jerseys during the course of the 2022–23 season of the Hero Indian Super League and the 2023 Hero Super Cup.
The partnership will see Adda52.com support different sports in the country by working together with the Gaurs once again this year.
FC Goa VP Ravi Puskur said, “On behalf of FC Goa, I’m thrilled to welcome Adda52.com on board as our sponsor. This is our third season together. The association exemplifies the trust that our partner brands have in us to deliver.
“With fans coming back to the stands this season, we believe the upcoming Hero ISL season is set to be momentous. And with Adda52.com coming on board as our sponsor this season, I believe there will be even more opportunities for us to work together on a number of common goals for the two brands.”
Adda52.com chief revenue officer Krishnendu Guha said, “We are thrilled to support FC Goa and are committed to taking the sports ecosystem ahead in all possible ways. We believe that games are a way of life, not merely a kind of amusement. Adda52.com is dedicated to promoting the development of all types of skill games, so we would like to offer our support and best wishes to FC Goa as they compete for the coveted ISL Championship this season.
“Adda52.com is honoured to join hands with FC Goa as a sponsor and help the team on its path to becoming a source of talent for the national team. The new season has begun, and we can’t wait to watch FC Goa win the championship.”
Gaming
Dream Sports sees 100 plus exits after gaming ban forces overhaul
Company splits into eight units as real money gaming law hits revenue.
MUMBAI: For a company built on fantasy leagues, reality has suddenly rewritten the rulebook. More than 100 employees have exited Dream Sports, the parent of Dream11, after the company reorganised its operations following India’s ban on real money online gaming. The shake up came after the Promotion and Regulation of Online Gaming Act, 2025 came into force in August 2025, prohibiting games where users deposit money expecting winnings. The regulation struck at the heart of the fantasy gaming industry and dramatically affected Dream Sports’ core business, wiping out about 95 percent of its revenue and all of its profits.
In response, the Mumbai based company shifted into what chief executive officer Harsh Jain described as “startup mode”, splitting its operations into eight independent business units in December.
Around 700 employees were reassigned across these newly formed ventures based on their experience and interests. However, roughly 15 percent opted to leave the company.
A spokesperson for Dream Sports said many of those who exited were experienced professionals accustomed to running scaled businesses rather than early stage ventures.
“Since some of these employees were experienced with running high scale businesses and not startups, around 15 percent chose to leave and join other scaled companies or start ventures of their own,” the spokesperson said.
Despite the departures, the company noted that the attrition rate is only slightly higher than its earlier level of around 10 percent before the ban. Dream Sports now has close to 950 employees and is not currently hiring, choosing instead to focus on stabilising its existing workforce.
The restructuring has transformed Dream Sports from a fantasy gaming company into a broader sports entertainment platform. The eight units now operate independently, each focusing on different segments of the sports and technology ecosystem.
These include Dream11, sports streaming platform Fancode, sports travel service DreamSetGo, mobile game Dream Cricket and artificial intelligence initiative Dream Sports AI, which includes sports analytics platform Dream Play.
Other ventures include fintech product Dream Money, open source initiative Dream Horizon and the philanthropic arm Dream Sports Foundation.
As part of cost saving efforts, Dream Sports also relocated its headquarters from Bandra Kurla Complex to Worli earlier this year. The new office, called Dream Sports Stadium, brings teams from its various brands together under one roof to improve collaboration and operational efficiency.
Jain had earlier said the company removed bonus lock in timelines for employees hired in recent years, allowing those who wished to leave to exit with pro rata payouts.
“We want people who are fully into the startup mode and willing to work for it, and we will share that reward if it comes,” he said.
Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports was last valued at 8 billion dollars after raising 840 million dollars in 2021 from investors including Falcon Edge Capital, DST Global, D1 Capital Partners, RedBird Capital Partners, Tiger Global Management, TPG and Footpath Ventures.
The new gaming law has forced several companies in the fantasy gaming sector to either shut down or pivot their business models, signalling a significant reset for one of India’s fastest growing digital entertainment industries.
