The event got here a day after the Bengaluru Police
filed a primary info report (FIR) in opposition to founders Harsh Jain and Bhavit Sheth after a grievance that the Mumbai-based agency was in violation of the Karnataka gaming ban that got here into impact on October 5.
Dream11 continues to take care of it’s compliant with all of the legal guidelines.
“Nevertheless, following the latest media protection, our Karnataka customers have expressed deep concern and anxiousness on their security and safety. So as to allay our customers’ issues, we’ve got determined to droop operations in Karnataka,” the corporate assertion learn. “This determination is with out prejudice to our rights and contentions underneath regulation.”
The FIR was filed based mostly on a grievance registered by Annapoorneshwari Nagar Police in West Bengaluru, which named the founders of the fantasy sports activities platform as accused.
Dream11 reiterated that it has been suggested by the Federation of Indian Fantasy Sports activities (FIFS), which has shared an opinion from a former Supreme Court docket decide, stating that the Karnataka Police (Modification) Act, 2021, doesn’t apply to its member fantasy sports activities operators.
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“It is because the FIFS format of Fantasy Sports activities has been upheld by the hon’ble Courts of India as not amounting to playing, betting or wagering,” the corporate mentioned.
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