Overview

• A company source said roughly 300 of 500 India roles across marketing, finance, operations, engineering and legal will be cut.
• In an internal email, CEO Sai Srinivas told staff India will produce no near-term revenue after the ban, with the market previously contributing about 50% of MPL’s revenue and roughly $100 million last year.
• The new law bans online games with monetary stakes, citing financial and addiction risks, leading platforms to halt paid fantasy cricket, rummy and poker.
• Dream11 has discontinued paid fantasy offerings, its CEO pledged no layoffs, and the company has relinquished the India cricket jersey sponsorship.
• Gaming firm A23 has mounted a legal challenge to the ban, while MPL and Dream11 are not pursuing court action.