The Indian Federation of Sports Gaming (IFSG), on Monday (February 3) announced a change in its name to Federation of Indian Fantasy Sports (FIFS). IFSG, now FIFS, was established in 2017 with the purpose to self-regulate the sports gaming industry comprising of all online sports-based Games of Skill (which may include e-sports, Fantasy Sports and casual sports games). FIFS will continue to focus its attention on the growth of the fantasy sports industry that is proven to increase real-life sports consumption.
Commenting on this development, John Loffhagen, Chairman, FIFS said, “In the last two years, we have seen exponential growth in the Fantasy Sports industry. From 5 million users and 25 operators in 2017, the fantasy sports industry has now grown to 140+ operators with 80 million+ users. This rapid growth is a testament to the potential of fantasy sports in India. The name change from IFSG to FIFS is a result of our recognition of this disruptive and emerging sector and its need for self-regulation to sustain growth.”
