India’s decision to pay the online game has inspired the Mobile Premier League (MPL) to announce a large job cut, one of the country’s largest gaming companies. According to Reuters, Unicorn in Bengaluru will allow about 60 percent of its India employees or about 300 people, as the new law leaves no place for revenue from its main fantasy and card gaming business.

Earlier this month, the government specifically imposed a nationwide ban on the online paid games, citing the risk of financial loss and addiction among young players. The move immediately replaced India’s online gaming industry curriculum, which was expected to touch $ 3.6 billion by 2029. Fantasy Cricket, Rummi and Poker – have been forced to close apps offering forms that have become popular in recent years.

On Sunday, employees in an email, MPL co-founder and chief executive Sai Srinivas said the company was left without any option. “With a heavy heart we have decided that we will reduce our India team significantly,” he wrote. The email states, “India is responsible for the 50 percemat of M-League revenue and this change will mean that we will no longer take any revenue from India in the near future.”

There will be many departments including marketing, operation, engineering, legal and finance in job loss. Srinivas also said that the MPL would provide assistance to the employees during the infection, although he did not disclose the exact details in his note.

According to the pitch book data, the MPL supported by Peak XV Partners (earlier Seven Capital India) reached an evaluation of $ 2.3 billion in 2021. The company earned around $ 100 million in India last year, a figure that will now disappear as a result of the ban. The app still runs a free-to-play title in Europe and has paid a gaming operation in the US and Brazil, and the company expects to focus on these markets.

The impact of the ban is being felt throughout the region. The rival Dream11, the value of $ 8 billion, has already suspended its fantasy cricket business, while many poker and Rummi have gone offline. Industry bodies argue that sports like fantasy cricket include skills and should not be compared to gambling, which has long been banned in India.

Not all the players are holding back. The gaming firm A23 has challenged the government’s decision in the court, which has become the first person to take legal action. However, MPL and Dream11 have opted not to compete with the order.