"Skillz accused Papaya of deceiving players by failing to disclose it sometimes used bots instead of human competitors in certain games and tournaments. The company also claimed Papaya advertised it had paid users $6.7 billion in winnings for playing online games like solitaire, but that $4.7 billion of that went to games where bots won."
"We're pleased with the jury's verdict and appreciate the careful consideration of the facts. We remain committed to fair competition and to providing a trusted, transparent experience for players and developers."
Skillz Inc. shares increased by over 200% following a jury's decision that Papaya Gaming Ltd. was liable for false advertising. The jury ordered Papaya to pay $420 million in damages and stated that Skillz is entitled to $652 million in disgorgement. The trial lasted a week, with the jury deliberating for just over two days. Skillz accused Papaya of misleading players by using bots instead of human competitors and falsely claiming to have paid out $6.7 billion in winnings, of which $4.7 billion was attributed to bot wins.
Read at Investing.com Australia
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