According to Marantelli, Colossus Bets first contacted DraftKings about the alleged violations in 2018, and has since provided \u201cnumerous notices of ongoing infringement.\u201d<\/p>\n
We take our intellectual property very seriously,\u201d<\/strong> Marantelli said in a statement.\u201cThis is the next step towards protecting our rights and income across the industry in the US.\u201d<\/strong><\/p><\/blockquote>\nColossus Bets asserts patent rights over all accepted US bets that used the cash-out function since the US Supreme Court rejected the federal prohibition of sports betting more than three years ago.<\/p>\n
Significantly, online betting giant Bet365 signed a licensing deal with Colossus Bets for the use of the function as it entered the US market in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
UK-based betting outfit Colossus Bets is suing DraftKings in a Delaware federal court. It claims the American company has infringed its patent rights by offering a \u201ccash-out\u201d function via its online sportsbook. It’s the second patent infringement lawsuit filed against DraftKings this year. The London-based tech supplier specializes in B2B pool betting. It entered the […]<\/p>\n","protected":false},"author":36,"featured_media":194055,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,1074],"tags":[],"acf":[],"yoast_head":"\n
Colossus Bets Sues DraftKings Alleging \u2018Cash-Out\u2019 Patent Infringement<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n