Dream Sports Sports Content Platform Fankode is going to close its sports merchandise business fankode shop from October. Dream Sports gave this information on 28 August. Fankode spokesperson said that the decision to shut down the merchandise business was taken in June this year. The company now wants to use all its resources for core content products. Significantly, Dream Sports Dream is also a parent company.
Order will complete the order by October
Spokesperson said, “We have always felt proud by making things for sports fans in Fancode. Earlier, Dream Sports had announced to shut down all paid contests on their flagship sports platform Dream 11. The company has now converted its platform completely free-to-play online social games.
Dream sports changing business after banning online gaming
Dream Sports has to take these decisions after making laws to ban the government’s online gaming. After being passed by Parliament, President Draupadi Murmu has signed the online gaming bill. The government believes that real money gaming is not in the interest of users. Therefore, the government enacted a law to ban all such online money games. In such games, users have to direct or indirect money. It deposits the games in the hope of winning the games.
Fankode started in 2020
The Fankode Shop started in August 2020. Sports martendies are sold on this platform. This includes jersey, T-shirts, hudies, accessories, footwear and home furniture. The company had entered into agreements with several IPL franchisees, World Cup teams, ICC cricket tournaments, International Football Club and Racing Tournaments. Recently, Harsh Jain, co-founder of Dream Sports, had said that the company now wants to take advantage of the opportunities related to the sports related to artificial intelligence in India. Fancode can play a big role in this strategy. It has 16 crore users.
Dream Sports made a big plan to use AI
Jain said, “We have sports content, commerce, fan engagement, analytics, sports performance and merchandise. All of them are going to have a big impact on AI. We have 500 engineers that we can use to solve these problems. We will once again solve these problems for Indian Sports fans.”