New Delhi, Oct. 28 -- Dream11 Group, the one-time king of fantasy gaming, has applied to enter India's stock broking business, after the recent ban on online money games crippled its core business.

The Tencent, TPG and Tiger Global-backed unicorn aims to tap its vast base of 260 million users for the venture, two people aware of the matter said, as it eyes a slice of India's fast-growing broking industry with significant room to grow. The September ban on online money games ended Dream11's core business of paid contests, prompting it to adopt a free-to-play, ad-supported model.

"The company is looking to tap into the captive user base it had before the real money online gaming ban surfaced almost two months ago. Online equity broking is...