India’s Gaming Industry Faces Its Biggest Test Yet
India’s booming online gaming sector has hit a wall. Just weeks after the Promotion and Regulation of Online Gaming Act, 2025 banned real-money gaming nationwide, one of the industry’s biggest names, Gameskraft, has been forced to pull the plug on its operations.
The Bengaluru-based company announced on Thursday that it is laying off 120…
In a significant development for India’s startup ecosystem, Kavin Bharti Mittal, founder and CEO of Hike, announced the complete shutdown of the company. The decision comes in the wake of the Indian government’s ban on real-money gaming (RMG), a move that has disrupted business models across the gaming and digital entertainment sectors.
In a heartfelt post on LinkedIn, Mittal reflected on…
Probo, a platform that once let users predict real-world events for money, has suddenly shut down its real-money gaming business. In a quiet update on its app, the company told users: “In light of recent developments, we have paused all recharge activities in your best interest. We request you to withdraw your funds.”
This move comes just as a major piece of legislation is about to change…
Mumbai-based gaming giant Nazara Technologies has made a strategic move by selling its 94.85% stake in OpenPlay Technologies, which runs the popular Rummy platform, Classic Rummy, to Moonshine Technology. This move comes as part of Nazara’s broader strategy to optimize its gaming portfolio and focus on high-growth areas. The transaction is valued at a significant Rs 104.33 crore and will be…
