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The judgment was awarded following a lawsuit alleging bot fraud in multiplayer games.
Skillz Inc. (NYSE: SKLZ) has been awarded a $420 million judgment in a lawsuit against Papaya. The lawsuit alleged that Papaya engaged in bot fraud within multiplayer games hosted on Skillz's platform.
The awarded amount stands at $420 million. This judgment is expected to have significant implications for the company's financials and its stance against fraudulent activities in the gaming sector.
As of the latest data, Skillz Inc. has a free float of 9,770,200 shares and 12,170,492 shares outstanding.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.