Three Special Leave Petitions (SLPs) have been filed in the Supreme Court against the April 2019 order of the Bombay High Court holding Dream11 to be a game of skill and approving the company's manner of payment of Goods and Services Tax (GST).
IPL Season 12 is hitting its final, flood-lit crescendo as we write this. The fanfare, the cheers and heartbreaks, the breathless excitement, the sometimes seemingly impossible skills on display out on the striated green…all of it peaks in Sunday's final. But this is not about that, not about those 22 yards, and who the last man standing will be. This is about another kind of pitch, millions of them in fact…they roll out in a virtual space, on your smartphone screen. It's called Dream11: you would have seen the ads if you've been watching the IPL, they're all over the prime slots. Dream11 comes with its own fanfare, its wins and crushing losses, its thrills—and, apparently, skills. But then, so does poker. It's just that those ‘skills' are akin to those involved in horse-racing—not those of the jockey on top of the marvellous animal streaking across the tracks, but the one chomping on the cigar nervously in the stands, making what he thinks is an informed guess, but often wiping his brow in frustration after...
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Dream11 Gambling Quora
- Dream11 does not amount to gambling, is game of skill: Bombay High Court The petition was moved by Advocate Gurdeep Singh Sachar seeking directions to initiate criminal prosecution against 'Dream11 Fantasy Pvt Ltd' for allegedly conducting 'illegal operations of gambling/betting/wagering' in the guise of Online Fantasy Sports Gaming.
- Tencent-backed Dream11 offers an online fantasy game, wherein players can create different virtual sports teams, comprising as many players in real life cricket teams.
Dream11 Gambling Or Not
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Leading fantasy gaming website Dream11 has entered the unicorn club (startups with over $1 billion valuation) with news reports confirming last month's speculations that London-based Alternative Asset Manager fund Steadview Capital has invested around $60 million in the company at a valuation of around $1-1.5 billion.
Gambling Dream11 Prediction
The deal is reported to be a secondary transaction with Dream11's existing investors Kalaari Capital, Multiples Alternate Asset Management and Think Investments selling part of their stake in the company.
Leading fantasy gaming website Dream11 has entered the unicorn club (startups with over $1 billion valuation) with news reports confirming last month's speculations that London-based Alternative Asset Manager fund Steadview Capital has invested around $60 million in the company at a valuation of around $1-1.5 billion.
Gambling Dream11 Prediction
The deal is reported to be a secondary transaction with Dream11's existing investors Kalaari Capital, Multiples Alternate Asset Management and Think Investments selling part of their stake in the company.
Gambling Dream
Harsh Jain, CEO of Dream11 while confirming the development told Economic Times stated, 'We are excited to welcome Steadview Capital onboard…Providing great returns to our shareholders, whether investors or Dreamsters, is very important to us and further reinforces their belief in Dream11. We will keep working hard and are targeting to end the year with 100 million users.'
Commenting on the development, Ravi Mehta, managing director of Steadview Capital, noted, 'We at Steadview believe that Dream11 is poised to become the leading sports company in India catering to everything a sports fan needs…The company's phenomenal growth track-record, dominant leadership in daily fantasy gaming and strong engagement metrics is a testament to the consumer love for the platform.'
Gambling Dream11 Today Match
Dream11 has been running an aggressive marketing campaign this Indian Premier League (IPL) season and had partnered with seven IPL franchisees and brought on board seven cricketers as brand ambassadors. In June last year, it was reported that Chinese e-commerce and gaming behemoth Tencent Holdings had invested $100 million in Dream11.
