Online Gaming Act: Dream 11, My11Circle shut down real money games

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Online gaming platform Dream 11 and My11Circle announced on Friday that they have shut down their offerings involving real money as the legislation banning the service became an Act.

“This morning, we stopped all paid contests on Dream11 and pivoted entirely to a free-to-play online social game… We have always been and will always be a law abiding company, and have conducted our business in compliance with the laws. While we believe that progressive regulations would have been the right way forward, we will respect the law and will fully comply with…



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Online Gaming Act: Dream 11, My11Circle shut down real money games



Online gaming platform Dream 11 and My11Circle announced on Friday that they have shut down their offerings involving real money as the legislation banning the service became an Act.

“This morning, we stopped all paid contests on Dream11 and pivoted entirely to a free-to-play online social game… We have always been and will always be a law abiding company, and have conducted our business in compliance with the laws. While we believe that progressive regulations would have been the right way forward, we will respect the law and will fully comply with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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