Fantasy sports have gained significant popularity in India in recent years, with several local platforms emerging to cater to the growing demand. The legality of fantasy sports in India has been a topic of much discussion and debate.
Indian fantasy sports platforms like Dream11, MyTeam11, and MPL have become household names, offering users the opportunity to create virtual teams and compete based on real-life player performances. These platforms operate under the classification of “games of skill“ rather than “games of chance,“ which is crucial for their legal standing in India.
The Supreme Court of India has recognized fantasy sports as games of skill, distinguishing them from gambling activities. This legal distinction has allowed fantasy sports platforms to operate legally in most Indian states, though some states like Assam, Odisha, and Telangana have imposed restrictions.
Local fantasy sports products in India typically focus on cricket, given the sport\“s massive popularity in the country. These platforms generate revenue through entry fees, advertisements, and partnerships with sports leagues and teams.
The regulatory framework for fantasy sports in India continues to evolve, with the government considering specific regulations to govern this rapidly growing industry while ensuring consumer protection and maintaining the integrity of sports. |
