PlayUp’s ex-CEO a ‘scapegoat’ for failed deal?

Monday, December 27, 2021 11:57 PM
  • John Brennan, US Bets

A federal judge in Nevada should not issue a preliminary injunction against former PlayUp CEO Dr. Laila Mintas, her attorneys asserted in a court filing on Monday, because “there is no evidence that Dr. Mintas has misappropriated or will misappropriate [PlayUp] trade secrets.”

The filing escalated the sometimes personal war of words that began on Nov. 30, when leaders of the Australia-based mobile sports betting company filed a lawsuit alleging that Mintas would “destroy the company” if she didn’t get her way.

At the core of the dispute is a recent collapse in negotiations between PlayUp and Bahamas-based FTX, a cryptocurrency company that was considering a $450 million purchase of PlayUp, which is live for sports betting in New Jersey and Colorado, with more states pending.