Engine Media Holdings, Inc [NASDAQ: GAME] has disclosed that its Winview Inc. unit has started an action in the US District Court for the District of New Jersey against DraftKings Inc. [NASDAQ: DKNG], claiming infringement of patents owned by Winview. Winview is an essential operating unit of Engine Media, offering cash games of skill as part of the visual experience of both traditional sports and esports.
Additionally, Winview has an increasing portfolio of 80 issued United States patents, many of which associate with mobile sports betting and online gaming technologies. The firm will continue evaluating how it can safeguard its intellectual property. Shares of Engine Media Holdings, Inc. plunged 5.45% as it lost -0.64 during the trading session of Wednesday.
The firm is being signified on this issue by Morgan Chu of Irell & Manella, LLP and Thomas R. Curtin of McElroy, Deutsch, Mulvaney & Carpenter, LLP. The lawsuit contends that several gaming services offered by DraftKings infringe on Winview’s US Patent No. 9,878,243 and US Patent No. 10,721,543.
Both the patent entitled “Methodology for Equalizing Systemic Latencies in Television Reception in Connection with Games of Skill Played in Connection with Live Television Programming” and “Method Of And System For Managing Client Resources and Assets for Activities On Computing Devices.”
Furthermore, Engine Media Holdings Inc. is traded publicly using the ticker symbol (NASDAQ: GAME). The firm is concentrating on developing high-quality consumer experiences and unmatched technology and content solutions for partners in the esports, news, and gaming industry.