Major Indian gaming platforms, including MPL, Zupee, and Probo, have immediately suspended all real-money operations and ceased accepting deposits following the passage of the Online Gaming Bill 2025.
Massive Shutdown Across the Industry
Following the lead of Dream Sports, MPL—backed by investors such as Peak XV, Times Internet, MSA Novo, and Crown Capital—has halted all real-money gaming features. A notification on the MPL app informs users that, “Deposit cash (minus GST) will be available for withdrawal from 22 Aug. 2025.”
Zupee, supported by WestCap Group, Tomales Bay Capital, Nepean Capital, AJ Capital, and Z47, has similarly terminated its real-money offerings. A spokesperson stated, “In line with the new Online Gaming Bill 2025, we are discontinuing paid games, but our hugely popular free titles like Ludo Supreme, Ludo Turbo, Snakes & Ladders, and Trump Card Mania will continue to be available for all users for free.”
Industry-Wide Compliance
Probo, another startup backed by Peak XV, Elevation Capital, and The Fundamentum Partnership, has ceased operations entirely. “As unfortunate as it is, we respect the government of India’s latest Online Gaming bill. In light of this development, Probo has decided to discontinue its real-money gaming (RMG) operations with immediate effect until further notice,” the company stated.
The ripple effect is widespread: bootstrapped startup Gameskraft has halted money acceptance on its rummy apps, and Times Internet-owned Cricbuzz11 has also shuttered. Notices across these platforms indicate that deposits, net of GST, will be refunded to users within 30 days.
Workforce Uncertainty and Legal Outlook
The legislative shift has triggered immediate job instability. Employees at affected firms have taken to social media to voice concerns, with many actively searching for new roles. An anonymous source noted, “We no longer have a secure job, as these companies are expected to cut some roles in the coming days to sustain their business and satisfy investors.”
While a legal challenge in the Indian Supreme Court remains a theoretical possibility, industry experts suggest it is unlikely. A public policy advisor noted that startups face a “tough fight” should they attempt to challenge the law.
Economic Impact
The sector, which boasts a combined enterprise valuation of ₹2 trillion ($23 billion) and contributes ₹200 billion annually in taxes, is now facing a total pivot. Prior to the bill, the industry projected a 28% compound annual growth rate, aiming to double its size by 2028.
This Bill, passed by both Houses of Parliament, highlights our commitment towards making India a hub for gaming, innovation and creativity. It will encourage e-sports and online social games. At the same time, it will save our society from the harmful effects of online money… https://t.co/t1iUuH9JP1
— Narendra Modi (@narendramodi) August 21, 2025
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