According to a Ficci-EY report, the Indian fantasy sports industry is progressing to touch $2.5 billion in 2022. The industry is growing at a CAGR of 32% and is expected to be worth $3.7 billion by 2024. With the growing use of smartphones, most people are taking part in online games. Also, there are cash rewards that attract the people most. Many people consider it gambling, which is why fantasy gaming is still in its initial stages. But no, it is very different from betting, and Indian laws are very strict about it. Even some states like Assam, Nagaland, Telangana etc., do not allow Fantasy sports. But these are purely skilled-based games.
Platforms like OneTo11, Dream11, MPL, My11Circle & Paytm first games are some of the leading pioneers in Fantasy gaming.
OneTo11 is the world’s first Blockchain-based gaming ecosystem, featuring a collection of multiple gaming applications with an integrated wallet and native token. The company leverages the new possibilities of Blockchain and NFT trading to generate monetary value for gamers from next-gen gaming applications. The ecosystem features multiple games with each game designed for a different gamer persona and implements the Play-To-Earn model in all the games. Further, it envisions creating a crypto gaming economy that puts gamers at the top of the hierarchy as beneficiaries and decision-makers using the power of blockchain decentralization.
Dream11 is a Game of Skill where you create a team of real players for an upcoming match and compete with other fans for big prizes. Your team earns points based on your players’ performances in the real-life match. Dream11 – the Tencent-backed fantasy sports startup and which has now emerged as the proud sponsor of the 2020 edition of the Indian Premier League (IPL) held in UAE. Cricket with a magnificent chunk of popularity among all the sports in India evolved to be the first portal-based online game for fantasy sports in India.
MPL is a Bangalore-based e-sport platform launched in September 2018. It is one of the best fantasy sports companies in India which everyone enjoys. Virat Kohli is the brand ambassador for this gaming company. It leads to many other online gaming platforms because players win reward prizes by playing in 30+ games and it covers 4 crore players across India. Games like pool, ludo, goride, pro cricket, fruit chop, crossing gaps, and many more are available here. Amazingly, tournaments and events are organized where you can compete and win, then a certain amount gets added to your wallet.
Launched by Games24x7 in 2019, My11Circle is one of the country’s top fantasy sports platforms. The platform is designed for fans who like to showcase their sports knowledge, analytical skills and can compete against experts such as Sourav Ganguly. At My11Circle, users get to enjoy a wide variety of contests such as Beat The Expert, Beat The Score, Mega, Head-to-Head, Last Man Standing, Private, among others
Paytm First Games
Paytm First Games is the application owned by Paytm Company for people who are into sports, card games, tournaments, trivia, and other entertainment options. The fantasy sports platform has over 300 games and boasts a gaming community of 4.5 crores. Players who participate in such events can win special tournaments and can also earn up to Rs 5 crores in Paytm cash.