Flutter Entertainment has suspended Junglee’s operations in India effective 22 August, following the rapid passage of the Promotion and Regulation of Online Gaming Bill. The legislation, which bans real-money games including skill-based formats was passed in record time, leaving no opportunity for consultation with stakeholders.
Flutter had projected $200m in revenue from its Indian business this year, but the sudden shutdown has forced management to assess non-cash impairments and long-term strategy shifts. CEO Peter Jackson highlighted concerns that banning skill-based games could drive players toward unregulated markets lacking consumer safeguards.
The impact extends beyond Flutter. Dream11, one of India’s leading fantasy platforms, has withdrawn as a key sponsor of national cricket teams, placing further financial strain on the BCCI. This development raises pressing questions about the future of both regulated iGaming and sports sponsorship in India.
