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IFSG announces name change to FIFS! Fantasy sports
Team Gutshot
Posted on 04 Feb, 2020
By Team Gutshot
On 04 Feb, 2020
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By Team Gutshot
On 04 Feb, 2020
Share

IFSG announces name change to FIFS!


In a recently reported news, the Indian Federation of Sports Gaming (IFSG) announced that it will change its name from hereon to Federation of Indian Fantasy Sports or FIFS. The 3-year old body was set up to self regulate the sports gaming industry. This includes online sports-based skill games such as fantasy sports and e-sports among others.

Formed in 2017 as IFSG, FIFS is India’s first and only industry body formed for the purpose of self-regulation and to create standardised best practices in the Sports Gaming industry. FIFS aims to create a thriving ecosystem for Sports Gaming operators and users by laying guidelines for a common set of practices, setting standards of operation and creating a regulatory framework that protects operator and user interests.

The entire initiative is not surprisingly driven by the biggest fantasy sports platform in the country Dream11 which recently crossed the $2.5 billion valuation mark with the latest funding round coming from the Tiger Global fund. Harsh Jain, Co-founder and CEO of Dream11 is also President of FIFS which aims to get 100 million. According to the report, FIFS will continue to focus its attention on the growth of the fantasy sports industry that is proven to increase real-life sports consumption. Sports in India is undergoing rapid change, and given India’s massive fan base and economic muscle, the future holds enormous potential for sports-related activities.

 

Formed in 2017 as IFSG, FIFS is India’s first and only industry body formed for the purpose of self-regulation and to create standardised best practices in the Sports Gaming industry. FIFS aims to create a thriving ecosystem for Sports Gaming operators and users by laying guidelines for a common set of practices, setting standards of operation and creating a regulatory framework that protects operator and user interests.

The entire initiative is not surprisingly driven by the biggest fantasy sports platform in the country Dream11 which recently crossed the $2.5 billion valuation mark with the latest funding round coming from the Tiger Global fund. Harsh Jain, Co-founder and CEO of Dream11 is also President of FIFS which aims to get 100 million. According to the report, FIFS will continue to focus its attention on the growth of the fantasy sports industry that is proven to increase real-life sports consumption. Sports in India is undergoing rapid change, and given India’s massive fan base and economic muscle, the future holds enormous potential for sports-related activities.

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