India, Nov. 27 -- The RMG Churn Goes On

The churn in the now-defunct real-money gaming (RMG) sector continues. Beleaguered giant Junglee has slashed its workforce by a third, Dream Sports is pivoting to SaaS, and regulatory crackdown is showing no signs of letting up. So, what's happening in India's gaming graveyard?

Dream Sports' Pivot: The gaming giant is open-sourcing its core tech stack, HorizonOS, under its new SaaS vertical. HorizonOS will offer tools for faster development, testing, and deployment at scale. With this, the Dream11 parent aims to earn money while helping startups focus on their core products rather than infrastructure bottlenecks.

Junglee Axes Jobs: Amid the RMG implosion, which crushed the $12 Bn sector overnight...