India’s top fantasy sports platform, Dream11, joined the Unicorn Club in April with a huge fantasy game user base of around 65 million. It also clinched a deal with IPL as its official gaming partner. Dream11 co-founders Bhavit Sheth and Harsh Jain discuss whether fantasy cricket is “skill” or “betting/gambling” with Prachi Pinglay-Plumber and Jyotika Sood. Edited excerpts:
Why fantasy sport?
Bhavit: Harsh and I used to play fantasy football for the EPL. When IPL came around, we wanted to play fantasy cricket, but it did not exist. Then we thought that as something so potentially engaging is not available, let’s create it ourselves.
How does this work? What’s your business model?
Bhavit: Say there is a Mumbai-Hyderabad match going on; before the match starts, you have to select a total of 11 from a pool of 30-odd players, who you think would perform the best. We have provided certain credits...