Swish Analytics sues competitors for sports betting odds misappropriation
The company claims this has caused damages of more than $100m.
Key Points
- Swish claims Oddsjam and OpticsOdds have republished its odds on their sportsbooks
- The suit was filed with the Superior Court of California
Sports wagering oddsmaker Swish Analytics has filed a lawsuit against Oddsjam, a rival odds provider, as well as OpticsOdds, with the Superior Court of California.
Swish Analytics claims that both companies have “misappropriated Swish’s proprietary sports betting odds information directly off its sportsbook clients’ websites and then republished and sold access to that information to others.”
As a result, Swish Analytics claims that this activity has caused more than $100m in damages. The company has provided screenshots of odds that were allegedly recreated on the other sportsbooks.
Swish is partnered with several licensed operators, including FanDuel and bet365. In its complaint, the company alleges that the two companies “at various times” have misappropriated odds from its licensed partners “including but not limited to FanDuel, bet365, and others.”
The company has asked for a jury trial, according to the suit.
Further, according to the official complaint, actions from both Oddsjam and OpticsOdds are also “causing Swish irreparable harm.”
The complaint further explained, “By free riding on Swish’s hard work and investment, defendants are reaping where they have not sown and are destroying the incentives for Swish and other independent developers of sports-related odds information to continue investing the time, effort, and money to independently generate that odds information.”
The complaint went on to call for an end to both “misappropriation” and “unfair competition.” “Swish conservatively estimates that the damage caused by Defendants’ conduct is at least $100m, and likely significantly more,” the complaint read.
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