Fantasy sports segment revenue is expected to grow in the range of 30-35 per cent to Rs 2,900-3,100 crore during the ongoing IPL 2023 cricket tournament season over the last year, market research firm Redseer Strategy Consultants said on Wednesday. The data estimates show 6.5-7 crore users are expected to transact on gaming platforms. Redseer Strategy Consultants, Partner, Ujjwal Chaudhry said there has been large awareness around fantasy sports platforms with higher marketing spend. "We are now seeing Bollywood stars in promotion. There is now better clarity around the regulatory framework, GST. Another positive push has been from Google where it has allowed some fantasy platforms on Playstore under its pilot programme. All of these are very positive developments for fantasy sports in India. With all this we expect 20-30 per cent growth in users transaction," he said. Google has allowed apps of select fantasy sports, mainly big players like Dream11, Games24X7's My11Circle, MPL Rum
As per information available on CrickPe's website, it is an app that allows users to play cricket online
The company, founded in 2008, makes it mandatory for workers to take at least a week off annually
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"Ticket size should be regulated. It should not be more than 50 rupees. This is an addiction," said Ashwani Mahajan, an official of the Swadeshi Jagran Manch
In its confidential draft report dated Aug 31, the panel of govt officials calls for creation of a new regulatory body under IT ministry to determine which online games qualify as games of skill
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From Dream11, Big Basket, Samsung, LIC, Mondelez and Thumps Up, a cross-spectrum of advertisers have signed up for the big match and tournament
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It was unclear whether the fantasy sports platform would now give up its existing associate partnership with the IPL
'We implemented data-driven engineering with ML, AI and analytics across all our brands at Dream Sports very early in our automation journey', said Sharma
In February, the Karnataka High Court struck down a state government law that banned online gambling
Karnataka government struck down the law banning betting and wagering in online games in October last year.
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The firm had raised $400 million in its previous funding round at a $5 billion valuation in March this year