Dream Sports shuts down wealthtech platform Dream Money within a year of launch

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Dream Sports, the parent company of Dream11, has shut down its wealth management platform Dream Money, less than a year after launching it as part of its diversification beyond online gaming.
The company has also displayed a notice on the Dream Money website stating that the platform is discontinuing its operations. In an email sent to customers on June 30, Dream Sports said Dream Money is discontinuing all its business operations with immediate effect, including digital gold, mutual fund distribution, fixed deposits and lending services. The Dream Money app will remain accessible until July 30, after which it will cease operations.
The company has stopped accepting new customer registrations, fresh investments and loan applications. It will also cancel all active SIPs from July 7.
Existing customer investments will remain unaffected. Mutual fund folios will continue to be serviced by the respective asset management companies (AMCs), fixed deposits will remain with partner banks, loan repayments will continue to be managed by lending partners, while digital gold holdings will be migrated to Augmont.
Dream Sports did not cite a reason for the shutdown in its communication to customers.
The closure comes less than a year after Dream Sports launched Dream Money in August 2025, shortly after the Centre's crackdown on the online real money gaming (RMG) sector. The move marked the company's diversification beyond gaming at a time when the industry was navigating heightened regulatory uncertainty. Dream Money offered digital gold, mutual funds, fixed deposits and lending products through a single platform.
The Dream Money shutdown follows another product closure by the company. On June 10, Dream Sports discontinued Dream Play, an AI powered performance intelligence platform built to decode real world sport and help athletes measure and improve performance.
The shutdown comes just over a month after the Supreme Court upheld the government's retrospective levy of a 28% Goods and Services Tax (GST) on the full face value of bets in the online real money gaming sector, dealing a significant blow to gaming companies facing large tax demands.
A Dream Sports spokesperson declined to comment on the story.
Following the crackdown on the RMG sector, Dream Sports reorganised its business into multiple ventures, including Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Horizon, and most recently, Dream Street, an AI powered stock broking platform.

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