Over the past few years, online fantasy sport (OFS) in India have gone from being a rather shady area of niche interest to becoming ubiquitous, so much so that a fantasy sport platform, Dream 11, was the title sponsor of IPL 2020. Indeed, the IPL viewing experience has changed significantly in recent years, with the long breaks between overs now stuffed with an array of commercials about cryptocurrencies, mutual funds and above all, fantasy sport. To someone unfamiliar with state-level policy developments in the country, this omnipresence of fantasy sport commercials would seem to suggest the presence of a thriving and safe fantasy sport industry, but the reality, of course, is quite the opposite.
Creating fantasy teams and participating in fantasy sport contests, as would be obvious to many, involves a significant amount of domain knowledge, for instance, of cricket gameplay, player form, pitch conditions, and a deep understanding of the intricacies of T20 cricket (like wickets in powerplay overs are more valuable than in the death overs). Thus, investing money in an OFS cannot be called gambling.