Fantasy sports unicorn Mobile Premier League (MPL) is moving its registered office from Karnataka to Delhi. The move comes half a month after the state government’s approach restricting online gaming including wagering and betting.

According to the new regulatory filings, MPL’s shareholders have approved the moving of the organization from its registered office in Bengaluru’s Hobli to Delhi’s Barakhamba Road.

The decision comes days after the organization reassessed its tasks in Karnataka. The organization was one of the primary fantasy sports platforms to have closed down its operations post the state’s boycott.

MPL’s gaming application, post the boycott, showed messages, for example, “Sorry! The law in your state doesn’t allow you to play Fantasy Sports.” Launched in 2018 by Sai Srinivas Kiran G, and Shubh Malhotra, MPL entered the unicorn club last month in the wake of packing $150 Mn in its Series E round at a valuation of $2.3 Bn from Legatum Capital, Accrete Capital, and Gaingels LLC, among others.

Last month, in the Legislative Assembly, Karnataka Home Minister Araga Jnanendra postponed the Karnataka Police (Amendment) Bill, 2021, to boycott online gaming or wagering by amending the Karnataka Police Act of 1963, with the most extreme detainment of three years and punishment of up to INR 1 lakh.

The decision has been challenged by a few stakeholders including the All India Gaming Federation (AIGF), an industry body of ‘skill-based online gaming’, and three online gaming organizations.

The Confederation of All India Traders – CAIT and various bodies additionally approached the Karnataka government to survey its boycott and review that Indian gaming new businesses are not hurt.

The Madras High Court and Kerala High Court must be stuck down their particular government’s law restricting online wagering games like poker and rummy in the states.

Credits: Inc42