Dream11 suspends operations in Karnataka

Dream11 suspends operations in Karnataka

Dream 11, a fantasy sports company, has stopped allowing users to participate in paid tournaments in Karnataka in accordance with the state's online gambling law, which came into force on October 5.

The Mumbai-based gaming company is counting on Tiger Global, DCV and Balkan Edge among its investors, showing an erroneous message that users who currently reside in the state or have a bank account will not be able to participate in cash contests on Dream 11. They can continue to participate in free playing tournaments.

The company has updated its terms and conditions that individuals residing in Karnataka are prohibited from participating in fee competitions because the laws of these states are not clear / prevent participants from participating in the ability games. "

"The Karnataka Police Act has recently amended its gaming law to ban online gambling, betting and betting. The Fantasy Sports Federation of India (FIFS) has advised us that he shared the opinion of a former Supreme Court judge that the Police (Amendment) Act 2021 does not apply to its member fantasy sports operators. This is because the FIFS format of Fantasy Sports is not suitable for gambling, betting or betting by decent courts, a company spokesman said.

The spokesperson further said, "Our Karnataka users have expressed deep concern and concern about their safety and security. To allay the concerns of our users, we have decided to suspend operations in Karnataka. This decision is impartial to our rights and disputes under the Act."

In a note on its website, Dream 11 states that users can withdraw their success by verifying their account and placing a withdrawal request by October 23, 2021. The company said it would "work with the relevant authorities to resolve the situation as best it can."

"We want to assure you that your account balance at Dream 11 is always secure.Please note that any cash bonus given to your account is not eligible for withdrawal," the company said in a statement.

The move is the first police case registered under the new law against Dream 11 co-founders Harsh Jain and Bhavit Sheth, who are facing an FIR in connection with the continued activities of its site.

According to a report, a case has been registered under sections 79 (including common gaming house) and 80 (common gaming-house gaming) of the Karnataka Police Act, 1963. Annapoorneshwarinagar police in West Bengal have registered a case based on a complaint lodged by 42-year-old cab driver Manjunatha.

Dream 11 told Reuters it believed the complaint was "motivated" and was exploring its legal solutions. "We are a responsible, law-abiding company and will extend our full cooperation to any authorities," a spokesman said in the release.