DraftKings challenges Interactive Games LLC patent at PTAB
Summary
DraftKings has requested that the U.S. Patent Trial and Appeal Board invalidate a patent held by Interactive Games LLC, a subsidiary of Cantor Fitzgerald, which is focused on technology that verifies if mobile users are in locations where gambling is permitted. The patent, associated with lead inventor Howard Lutnick, is contested by DraftKings on the grounds that its claims are obvious based on prior inventions.
Tokens
$DKNG
Analysis
DraftKings: DraftKings operates as a leading platform for online sports betting and digital gaming. In the current matter, the company has filed a petition with the PTAB seeking to invalidate a patent held by Interactive Games LLC on the grounds that its claims are obvious. Howard Lutnick: Howard Lutnick serves as Chairman and CEO of Cantor Fitzgerald. He is listed as the lead inventor on the patent Interactive Games LLC owns, covering methods to determine whether mobile devices are in jurisdictions where gambling is permitted. Interactive Games LLC: Interactive Games LLC is a unit of Cantor Fitzgerald focused on holding and managing gambling-related intellectual property. It owns the patent at the center of DraftKings' challenge, which addresses technology for verifying mobile users' locations for legal gambling purposes. Patent Challenge: DraftKings has initiated proceedings at the U.S. Patent Trial and Appeal Board to invalidate a location-verification patent held by a Cantor Fitzgerald subsidiary. Technology Scope: The patent in dispute covers systems for confirming whether mobile users are situated in areas where gambling activities are legally allowed.
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techpolitics