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● FANTASY GAMES.
A 🧵
A fantasy sport is a type of game, often played using the Internet, where participants assemble imaginary or virtual teams composed of proxies of real players of a professional sport and the person whose team performs the best wins a cash prize.
1/n
A 🧵
A fantasy sport is a type of game, often played using the Internet, where participants assemble imaginary or virtual teams composed of proxies of real players of a professional sport and the person whose team performs the best wins a cash prize.
1/n
● What is their legal status in India?
Online games that involve the use of skill, such as skill-based online gaming, are permitted, while games of chance are prohibited under the Public Gambling Act.
2/n
Online games that involve the use of skill, such as skill-based online gaming, are permitted, while games of chance are prohibited under the Public Gambling Act.
2/n
● Let's talk about some numbers-
The industry is growing at a CAGR of 32% and is expected to be worth $3.7 billion by 2024.
Dream 11, which is the biggest Indian fantasy sports company has over 110 million active users every day.
3/n
The industry is growing at a CAGR of 32% and is expected to be worth $3.7 billion by 2024.
Dream 11, which is the biggest Indian fantasy sports company has over 110 million active users every day.
3/n
