Three punches in a row. First, GST on online gaming jumped to 28% on deposits. Dream11 took the hit and rebuilt the business. Then the government banned real-money gaming. They took the hit again and pivoted to sports and stocks. Today, the courts upheld retrospective GST — paying tax on years of past operations under rules that didn't exist at the time. No company survives a third punch like that. It will wipe out the whole industry. @harshjain85 and the @Dream11 team built something super special. They complied with every rule, always looked after their users, absorbed every increase, and never asked for sympathy. Just kept building. What got upheld today doesn't punish bad actors. It punishes builders. The silence on Twitter is the most depressing part of all this. I really hope the government reconsiders — there is still a way to save this industry and the people who built it.