The fantasy sports market in India has experienced remarkable growth in recent years, driven by increasing smartphone penetration and internet accessibility. According to recent industry reports, the Indian fantasy sports market was valued at approximately $2.5 billion in 2021 and is projected to reach over $7 billion by 2026, growing at a compound annual growth rate （CAGR） of around 38%.
Several homegrown platforms have dominated the Indian fantasy sports landscape. Dream11, founded in 2008, has emerged as the market leader with over 100 million users. The platform allows users to create virtual teams of real players and earn points based on their actual performance in matches. Other notable Indian platforms include MyTeam11, Mobile Premier League （MPL）, and Halaplay, each offering unique features and gaming experiences.
The growth of fantasy sports in India has been particularly prominent in cricket, which remains the most popular sport in the country. However, platforms have expanded to include other sports such as football, kabaddi, and basketball to cater to diverse user preferences. The integration of secure payment gateways and real-time statistics has enhanced user engagement and trust in these platforms.
Government regulations have played a crucial role in shaping the industry. In 2021, the Indian government officially recognized fantasy sports as games of skill rather than gambling, providing legal clarity and boosting investor confidence. This classification has enabled platforms to operate within a regulated framework while ensuring user protection.
The market\“s expansion is also attributed to strategic partnerships with sports leagues and teams. Many fantasy sports platforms have secured official partnerships with the Indian Premier League （IPL）, Pro Kabaddi League, and international sporting events, enhancing their credibility and user acquisition capabilities. |
