Dream Money Shuts Down as RMG Ban Derails Dream11 Expansion Strategy

Dream Money, Dream11’s finance arm, is set to wind down operations after the RMG ban disrupts the company’s broader diversification strategy.

After July 30, Dream Money, the finance division of sports technology platform Dream11, will shut down. This could be one of the first instances of Real Money Gaming (RMG) Company reversing its diversification strategy.

Wide-ranging regulatory changes, such as the Supreme Court's decision earlier this year to uphold the retroactive levy of 28% Goods and Services Tax (GST) on the full face value of bets, and the Center's 2025 ban on all forms of RMG, including fantasy sports, are the background of the wind-down.

"Dream Money will discontinue its operations with effect from July 30. Your funds and investments are completely safe and will continue to be held in your name with the respective partners," the platform said in a statement on its website. 

Dream Money was established in August 2025 and provided loans, fixed deposits, digital gold and mutual funds. The business is no longer taking loan applications, lump-sum investments, or new client registrations. Dream Money stated that consumers of digital gold have till July 15 to withdraw or liquidate their holdings via the platform. After the next ten days, the holdings will be transferred to its partner, Augmont. Users will not be able to withdraw or liquidate their holdings during the migration period, which runs from July 15 to the end of July 25.

The company stated that clients underlying investments in mutual funds, which will still be held in their names and directly serviced by the corresponding Asset Management Companies (AMCs), would not be impacted by the platform's shutdown. Up till July 30, users can use the Dream Money portal to withdraw or redeem their mutual fund investments. Redemptions must then be made directly through the relevant AMCs.

According to the reports traced by CIO Bulletin, the closure of Dream Money serves as a reminder of the difficulties real money gaming companies face as regulatory changes alter growth strategies and compel platforms like Dream11 to reevaluate plans for diversification outside of their primary industry.