The hard reset: Six months after the ban, real-money gaming firms try to rebuild from zero

What Happened

Six months after India's October 2024 gaming ban, real-money gaming companies face severe disruption. Dream11, Games24x7, and others that dominated India's $6 billion gaming sector must pivot to new formats like stockbroking and free-to-play games. The RMG sector previously contributed 71% of gaming revenue. Companies attracted $2.8 billion in investor funding but now struggle to monetize alternative formats, which show conversion rates of 0.5% versus RMG's 15%.

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