PrizePicks Sued After Allegedly Copying DFS Technology

PrizePicks is the topic of a lawsuit that alleges it stole expertise for prop-style fantasy sports activities video games. Vetnos LLC, a business-to-business (B2B) supplier of fantasy sports activities expertise, filed a commerce secret misappropriation and patent infringement grievance on Tuesday in Georgia.

desires royalties, curiosity on misplaced earnings, and further damages

Vetnos claims that the fixed-odds fantasy expertise that PrizePicks makes use of is an identical to its personal patented software program. The New York-based firm desires royalties, curiosity on misplaced earnings, and further damages. It claims that it warned PrizePicks CEO Adam Wexler on quite a few events about attainable copyright infringement. Vetnos believes {that a} former employee at its predecessor Recreation Sports activities Community, who went to PrizePicks as a marketing consultant, helped copy the expertise.

PrizePicks Chief Authorized Officer and Head of Public Coverage Jason Barclay issued an announcement in response to the lawsuit, saying that for years, Vetnos unsuccessfully tried to get the corporate to purchase its mental property and expertise. Barclay labeled the authorized motion as “frivolous” and the corporate plans to “aggressively defend towards this lawsuit and level out its many errors and outright falsehoods.”