With IPL 2025, fantasy platforms like Dream11 and My11Circle rise, offering rewards. Odisha’s Guru Charan Jamuda won Rs 3 crore on My11Circle. Users must heed disclaimers to avoid financial risks and addiction.
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With the IPL 2025 season now in full swing, fantasy sports platforms like Dream11 and My11Circle have surged in popularity across India, offering cricket enthusiasts an interactive way to engage with the game and potentially win substantial rewards.
While these platforms have transformed the sports entertainment landscape, it is also true that many people have failed to recognise the associated risks and the importance of understanding platform disclaimers.
The pull of fantasy sports is exemplified by individuals like Guru Charan Jamuda, a daily wage labourer from Odisha.
By investing just Rs 49 on My11Circle during an IPL match between Gujarat Titans and Punjab Kings recently, Jamuda's strategic team selection earned him a staggering Rs 3 crore and a Mahindra Thar vehicle.
Stories such as this underscore the life-changing potential these platforms can offer to participants. However, many fail to avoid reading the fine print and fall into an endless loop.
Despite the enticing success stories, users must be aware of the disclaimers associated with real-money gaming platforms.
The Advertising Standards Council of India (ASCI) mandates that all such advertisements carry a disclaimer stating, "This game involves an element of financial risk and may be addictive. Please play responsibly and at your own risk."
However, reports suggest that some platforms, including Dream11 and My11Circle, have modified this warning in their advertisements. For instance, certain ads have replaced the term "addictive" with "habit-forming," potentially downplaying the severity of the risk involved.
Engaging in fantasy sports requires not only a deep understanding of the game but also a cautious approach to financial investment.
While some users may experience significant wins, others may face substantial losses, leading to financial strain and economic instability.
Players are encouraged to set strict financial limits, engage in self-exclusion options provided by platforms, and seek professional help if gaming begins to negatively impact their daily lives.
Regulatory bodies and gaming companies alike stress the need for responsible gaming. Platforms like Dream11 and My11Circle themselves do offer responsible gaming guidelines, including deposit limits, self-exclusion options, and awareness campaigns.
However, the responsibility ultimately lies with the users to exercise caution. Government agencies are also pushing for stricter regulations to prevent financial exploitation and ensure transparency in the industry.
Fantasy sports platforms like Dream11 and My11Circle offer exciting opportunities for engagement and potential financial gain. However, users must approach these platforms with a well-informed mindset, fully understanding the disclaimers, acknowledging the risks of financial loss and addiction, and considering the ethical implications.
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Fantasy sports platforms: Huge risk and addiction persist; things to understand – odishatv.in
