Flutter Entertainment plc has suspended its real-money gaming (RMG) operations in India through its subsidiary Junglee Games, following the rapid approval of the Promotion and Regulation of Online Gaming Bill 2025.
The global iGaming giant halted its RMG services on Aug. 22, after the bill, banning all forms of online real-money games, was tabled in Parliament on Aug. 20 and granted Presidential assent just two days later.
In a statement, Flutter said it was reacting to an “exceptionally short timeframe” and stressed that the legislation was passed “without a consultation process with industry stakeholders to consider the significant adverse consequences of this action.”
“I am extremely disappointed with the sudden changes to the regulatory landscape in India. Over the last four years Junglee has invested significantly in its local market, building a workforce of over 1,100 employees to deliver innovative skill-based gaming products to Indian customers,” Flutter CEO Peter Jackson said.
Flutter sees financial and consumer protection concerns with Junglee pullout
The ban directly affects Flutter’s Junglee Games subsidiary, acquired in 2021, which had become India’s largest rummy platform with over 100 million users. Junglee also operates Howzat (fantasy sports) and poker, among other skill-based games.
Flutter said that its Indian operations were projected to deliver around $200 million in revenue and $50 million in Adjusted EBITDA in 2025, with roughly half of those profits expected in the second half of the year. The company is now assessing potential “non-cash impairments to the Junglee business” and will provide further financial disclosures.
Jackson expressed strong concerns over the Parliament’s decision to pass the bill, saying: “We believe this change will drive customers to the unregulated market, offering limited consumer protections and providing no contribution to the local economy.”
Flutter is now exploring ways to push for the reinstatement of the constitutional protections for skill-based games, while also moving swiftly to adapt its operations to the new regulatory environment and continuing to highlight the advantages of a fully regulated market.
“We believe in regulatory frameworks that put customers first, and are evaluating options to restore skill-based games in the Indian market,” Jackson said.
Flutter’s exit follows similar moves from other prominent operators, including Dream11, My11Circle, Zupee, Gameskraft, MPL, and Probo, all of which have halted real-money offerings.
The government’s move has thrown India’s $4 billion digital gaming industry into turmoil, with more than 400 studios and platforms now reassessing their future under the new regulatory framework.
Published: Aug 26, 2025 03:11 am