May 16, 2024
The Patent Trial and Appeal Board said Wednesday it will review a patent owned by DraftKings Inc. rival Colossus Bets on a way for gamblers to "cash out" of a sports bet to cut their losses before a game is over.
February 22, 2024
The Patent Trial and Appeal Board's new Delegated Rehearing Panel has found that a petition by DraftKings challenging a patent owned by rival Colossus Bets was wrongly denied, because the original panel misinterpreted a term in the patent.
November 09, 2023
For the first time, the head of the U.S. Patent and Trademark Office has ordered the patent board to put together a separate panel to consider a decision not to review a patent challenge, choosing a rehearing bid from the DraftKings brand fighting a patent owned by a British sports gambling rival.
July 20, 2022
A Delaware federal magistrate judge has recommended that the court invalidate several claims of a Diogenes Ltd. wagering patent asserted against DraftKings, but he was highly skeptical of the sports betting company's attempt to apply that ruling to seven other patents.
December 01, 2021
British bookmaker Colossus Bets hit DraftKings Inc. with a patent suit in Delaware federal court Wednesday alleging that a "cash out" button on the Boston-based sports betting giant's platform infringes its proprietary technology.