MPL, My11Circle, and MyTeam11 have quit the self-regulatory industry body Federation of Indian Fantasy Sports (FIFS) which was founded by fantasy sports unicorn, Dream11. As exclusively reported by G2G, MyTeam11, a Jaipur based fantasy games operator was the first to exit the self-regulatory body weeks ago.
According to our sources, MPL and My11Circle did not renew their annual membership with FIFS. This news was first reported by Outlook. All the three operators are platinum members which cost Rs 50 lakhs annually.
As per the constitution of FIFS announced in 2020, FIFS is a Section-8 company with the Board having a maximum of 8 members – 1 Founder Member and 7 Platinum Members with one member and one voting right.
Currently, the Ministry of Corporate Affairs records reflects four directors of which one of them is Dibyojyoti Mainak, the legal head of MPL.
The reasons for the exit are not clear but sources indicate that the exit was due to alleged differences with founding member Dream11 over the kind of games and formats that can be offered under the self-regulatory FIFS charter.
Sources said the members expressed their disenchantment over the monopolisation of decision making within Dream11 by FIFS, which allegedly arm twists members into following policies or regulations convenient to them.
We have contacted FIFS CEO Anwar Shirpurwala, Dream11 to comment on these developments. Outlook reported that Shirpurwala has also resigned. My11Circle, endorsed by the BCCI president Sourav Ganguly, are the principal sponsor of the new IPL team Lucknow Super Giants whereas Dream11 is the official partner of IPL.
MPL and My11Circle have business interests beyond fantasy cricket and are members of other gaming federations like AIGF.
"No one wants to get bullied in a level-playing field. Guidelines can't be lopsided and favouring one player," a source was quoted by Outlook.