Dream11 looks to enter stock broking with new platform ‘Dream Money’
Fantasy sports platform Dream11 is preparing to enter the stock-broking and wealth management space with a new arm called Dream Money, marking its pivot from gaming to financial services.
According to a report by Mint, the company has applied to enter the stock broking arena and build Dream Money as a discount brokerage platform, competing with existing players such as Zerodha, Angel One and Groww. The move comes months after the introduction of the government’s Online Gaming Bill, which imposed strict restrictions on real-money and betting-style games, severely impacting Dream11’s core business model.
