Last Updated on 4 years by Charbel Coorey
India has a number of highly valued start-ups but there is something about Dream11 that sets it apart. Dream11, which was conceptualized around the time the Indian Premier League started in the country, is now its title sponsor. In just a few years, Dream11 has become a household name and Dream11 prediction has become a whole auxiliary industry alongside!
It is a pretty big achievement for a young company that is now valued well over a billion dollars. Dream11 has managed to get some of the biggest names in cricket on its payroll and is using them to become the go-to name for fantasy gaming.
It is no surprise that fantasy gaming is very close to gambling and we have no doubt that there are going to be some eyebrows raised around the rapid growth of Dream11. India as a country does not allow gambling on its shores. The appetite for gambling and gambling-like sports is clearly there as millions of dollars worth of money exchanges hands just on cricket betting along in the grey market.
It might just be a matter of time before a tax-starved India wakes up to the huge potential of sports gambling and Dream11 may have a very big role to play here.
As a company, Dream11 is making people comfortable with the idea of placing money on their cricket expertise (or any of the other sports that it covers). That is exactly what cricket betting is also all about.
Success inspires Copycats
The fantastic growth and success of Dream11 has also inspired a whole array of other apps that are looking to cash in on the same craze. MyTeam11, Mobile Premier League, and innumerable others are trying to find smaller niches where they can make their own space.
These apps are now offering deposit bonuses, cash bonuses, and allowing people to bet thousands of rupees on every game. This is all getting very close to what sports gambling is about and so the landscape around the conversation of making gambling legal is changing.
The Indian Supreme Court has already directed the government to look into the possibility of making sports gambling legal. That is something that will bring in a tremendous amount of money as well as protection for people that are already gambling.
It will also take away the criminal element from cricket betting, something that is very prevalent even now.
Dream11 may have started out with a simple idea of being as successful as it can be. Now that it has achieved that and perhaps more than it imagined, we can see this one Indian startup change the very nature of sports related entertainment in the country.
Also read:
- 6 tips to increase chances of winning in Dream11
- 3 tips and tricks to win in D11 Grand League
- MyTeam11 vs Dream11: Which is better for you?