Indian regulatory body for fantasy gaming appoints former Supreme Court judge AK Sikri as its Ethics Officer
Indian Federation of Sports Gaming(IFSG) is the country’s only self-regulatory industry body.
- It has appointed former
Supreme Court judgeAK Sikri as its Ethics Officer.
- The Indian
fantasy gamingmarket is projected to touch $5 billion in the next two years with players like Dream11, Mobile Premier League leading the industry.
Sikri, as the Ombudsman, will be responsible for investigating queries/complaints raised by users.
“The sports gaming industry provides an untapped opportunity for sports lovers to showcase their sports knowledge and come closer to their favorite sport. As the industry prepares for the next wave of sports enthusiasts, as a self-regulatory industry body it is important to protect and educate operators and users about the industry and its best practices,” said Justice A K Sikri, Ombudsman, IFSG.
IFSG currently has 32 members across fantasy sports operators and sports analytics firms.
The Indian fantasy gaming market is projected to touch $5 billion in the next two years and has players like Dream11, Mobile Premier League leading the industry.
Dream11, which has over 60 million users is associated with major cricketing events like the Indian Premier League and the ICC World Cup. MS Dhoni is its brand ambassador. Dream11 also became India’s first gaming unicorn in April 2019.
Another player in the same field is Mobile Premier League which gained 20 million users within seven months of its launch. It also raised $35.5 million from Sequoia India. MPL has Indian skipper Virat Kohli as its brand ambassador.