Dream Sports is set to launch Dream Money: According to the information available on Google Play Store, this app will provide gold purchase starting from Rs 10 daily and FD service starting from Rs 1000.
What will Dream Money offer?
Dream Sports, the parent company of gaming platform Dream11, is testing a new app - Dream Money - to enter the financial services sector. This new business will be done under the Dream Suite Finance brand. Dream Sports has been a leading company providing money-based online games in India. But after the government banned all types of money-based online money games, Dream11 also had to shut down all its money-based games.
What will happen in Dream 11's new business
A source related to this matter said, 'Dream Money has been working under a pilot project for the last few months. The source said that the company has not yet introduced this platform. According to the information available on Google Play Store, this app will provide gold purchase starting from Rs 10 per day and fixed deposit (FD) service starting from Rs 1000. This app has been released by Dream Sports' unit Dreamsuit.'
The company's business is continuing even after the ban
According to DreamSuite's website, DreamSuite Finance will soon be launched to provide 'seamless financial services'. Dream Sports has shut down its online money games but continues to operate sports experience and travel platform Dream Set Go, sports event ticketing services and business platform FanCode, sports development unit Dream Game Studios, and non-profit organisation Dream Sports Foundation.
Government calls online money gaming a serious social problem-
On Thursday this week, without any debate in the Rajya Sabha, Parliament passed a bill banning all forms of money gaming and promoting e-sports and online social gaming. The government stressed that online money gaming has become a serious social and public health problem, which is having a clear negative impact on society. At the same time, the central government is emphasizing on promoting e-sports and social gaming and wants to establish India as a global hub for sports development.
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