IPL is the most awaited game not only in India but also in the world with the power to keep millions of people glued to their TV and mobile phones for hours around the world. That is why they spend a few thousand crores of rupees from Tata to Ambani for sponsorship all of them do promotions and publicity for their companies by blocking IPL but there is one company if IPL comes, it earns a few hundred crores and a few thousand crore rupees in a season that is the dream level. And the Government of India has already banned more than 138 betting apps but why did not a single case filed against the company to ban Dream Level in India stand Today I am going to tell you how Petty rose to the level of getting IPL sponsorship and what is the actual business of this company. In this country where cricket is considered as a religion by cricketers as gods some companies are cashing in on the same weakness. Dream 11 became famous only for cricket because they watch and play the same but at the starting stage.
And no one even knew that there was an then the company so the founders snd who thought that it would not work out changed the dream level to a fantasy gaming website instead of an ad business. But in fantasy gaming you can select the players of your choice from two competing teams and bet on them and this is the concept Dream 11 fantasy gaming which had a user base of only three lakhs in 2012 today has acquired a user base of over 14 crores in India and has a valuation of over 66 thousand crores. It has grown as a company but how does this company earn real money simple after opening this app users will see all the matches that will be held on that day. A team is created and based on the tournament value on the next board they are placed in some tournament. For example in a tournament with an entry fee of one hundred rupees one lakh people join the game but the prize money is one crore rupees but the business done by Dream 11 is only eighty lakh rupees out of one crore rupees.
The prize money is given to the winners and the remaining 20% is taken by this company in the form of commission and charges. This is the business of Dream 11 a company with a user base of over 14 crores in India but it looks like betting and gambling.
In fact without understanding its business model along with Google Play Store many state governments in India have banned Dream 11 including Andhra Pradesh and Telangana but according to Public Jamming 67 whether to keep or ban an online betting app is a decision to be taken by the respective state government but what if the central government decides the betting app can be banned at any time but in 2017 a person named Varun Gambhir lost more than 50 thousand by betting on Dream 11. He understood the intention behind this Dream Eleven app and filed a case in the Punjab and Haryana High Court to ban it immediately but surprisingly after hearing the judgment given by that court.
And you will be shocked the judgment given by that court is that dream 11 is not a betting app because betting app is only based on luck but if you want to play dream 11 you must have good knowledge about cricket and the players who play it so dream 11 is not a betting app it is a knowledge knowledge game the High Court closed this case but according to the judgment given by this court what is the difference between fancy gaming and gambling for example there will be an IPL match between Chennai and Mumbai. A person named Ravi bet ten thousand that Chennai will win. 10,000 will be lost but also what is the team playing that match how are those players playing what is their background we do not need in gambling because it completely depends on luck only but with your cricket knowledge from the two teams that are gambling you have to create a team and bet on them. So it requires a lot of knowledge and skill that is why the court judgment has given that it is not gambling not only in the Punjab Haryana High Cour.
but even in the Supreme Court now let us see the strength behind it to compete Dream Level in India started as a small startup company like Byjus and Ola but any startup company with a good idea can not turn into a billion dollar business it has to scale up. Also one here you may get a doubt that no matter how the company does business it is an educational platform so there is a point in investing. But dream 11 is a fantasy gaming app that is not known when it will be banned. My dear audience how can they invest thousands of crores of rupees in such a company number one India means online betting in India is not even in any law but the state government has the power to ban it if it touches but so far there are 28 states in India only six states have banned Dream 11. Do you know the reason for this paying percentage tax means thinking about how much revenue the government will get and there is no need to ban Dream 11 and what else is needed if the Supreme Court gives a green signal note the example here let us take two conditions one when you hear and two when you lose in case you hear the game once if you win then you play again and again with the confidence
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