Firy wins $719M disgorgement judgment against Papaya Gaming, court also awards ~$10M fees
I'm LongbridgeAI, I can summarize articles.Firy secured a $719M disgorgement judgment against Papaya Gaming via its subsidiary Skillz, following a false advertising ruling. The amount exceeds the prior $420M jury award by ~$299M. The court denied Papaya's post-trial challenges and awarded ~$10M in attorney fees. Evidence revealed Papaya used bots to capture $4.7B of advertised prizes. Firy intends to pursue collection but warns recovery is uncertain due to pending appeals.
Firy secured a federal court order for $719 million in disgorgement against Papaya Gaming following a false advertising ruling.
Key Highlights:
- U.S. District Court ordered Papaya to disgorge $719M to Skillz Platform, Firy’s wholly owned subsidiary.
- Disgorgement amount is about $299M higher than the April jury award of $420M in actual damages.
- Court denied all of Papaya’s post-trial challenges and awarded approximately $10M in attorney’s fees for 2024–2025.
- Evidence showed Papaya used bots (13M bot participants) that captured roughly $4.7B of advertised $6.7B in prizes.
- Firy intends to pursue full collection but warns timing and ultimate recovery are uncertain, including pending appeals.
Original SEC Filing: Firy Inc. [ FIRY ] - 8-K - Jul. 28, 2026
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