Australian sports betting firm PlayUp sues its U.S. CEO in federal court

Australian sports betting firm PlayUp sues its U.S. CEO in federal court

Article brief provided by US Bets
  • John Brennan, US Bets
December 14, 2021 12:45 AM
  • John Brennan, US Bets

An Australian-based sports betting company was granted a temporary restraining order last week against its chief executive officer after claiming allegations of potential “irreparable damages” from breach of contract by her.

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According to a lawsuit filed in U.S. District Court in Nevada on Nov. 30, negotiations over a contract extension for Dr. Laila Mintas — who was announced as PlayUp’s U.S. CEO in July 2020 — collapsed and led to improper actions by Mintas. Her contract with the firm expired the same day the suit was filed.

The allegations include that she “made contact with Mr. Sam Bankman-Fried, proprietor of third-party company FTX, and advised him that there is a conflict within management of PlayUp, and in so doing has caused the failure of the sale to FTX.”