Skillz Inc. Review: Social Gaming and Lawsuits
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Skillz Inc. stands as a publicly traded competitive gaming platform founded in 2012 by Andrew Paradise and Casey Chafkin in Boston, though the company now operates from its Las Vegas, Nevada headquarters.
The corporation maintains its official registration address at P.O. Box 445, San Francisco, CA 94104, while conducting business operations from 6625 Badura Avenue in Las Vegas.
Skillz, which has traded under the ticker SKLZ on the New York Stock Exchange since its 2020 merger with Flying Eagle Acquisition Corp., is backed by venture capital firms such as Liberty Global, Telstra, Accomplice and Wildcat Capital.
It also has investment from professional sports team owners, including those affiliated with the New England Patriots, Milwaukee Bucks, New York Mets and Sacramento Kings.
The platform distinguishes itself through legitimate partnerships with the NFL, UFC, American Red Cross and Susan G.
Komen, establishing credibility beyond typical gaming companies. Rather than developing games internally, Skillz provides infrastructure and tools for independent developers to integrate competitive features into their games.
The company connects over 14,000 game developers and hosts thousands of competitive titles on its platform. Skillz Inc. runs Skillz Casino, a social gaming platform where players take part in skill-based tournaments to win cash prizes.
Skillz Inc. Company Info
The following table presents comprehensive details about Skillz Inc.'s corporate structure, financial performance and operational scope.
| Company Information | Details |
|---|---|
| Owner/CEO | Andrew Paradise (Founder & CEO since 2012) |
| Headquarters | 6625 Badura Avenue, Las Vegas, Nevada, 89118, USA |
| Number of Employees | Approximately 225 |
| Q4 2024 Revenue | $20.4 million |
| Gross Profit (Q4 2024) | $17.1 million |
| Total Annual Revenue | $106.2 million |
| Net Loss (Q4 2024) | $26.4 million |
| International Presence | USA, Israel, China, Malta |
| Platform Type | Mobile competitive gaming and esports |
| Business Focus | Social competition features for developers |
Skillz Inc. Casinos
Skillz Inc. operates Skillz Casino, a skill-based competitive gaming platform focused on tournament-style gameplay rather than traditional gambling mechanics.
Skillz Casino
Founded in 2012, Skillz Casino is a competitive gaming platform that offers 11 slot games, 35 bingo variations—including Bingo Cash and Real Prize Bingo—and over 100 card games like Solitaire Sprint and Blackout Poker.
The platform hosts 59 sports games and 60 arcade titles through providers Big Run Studios, Tether Studios, Grey Square Games and hundreds of independent developers.
Skillz Casino operates legally in the majority of US states with restrictions in Arkansas, Connecticut, Delaware, Louisiana and South Dakota. Players compete using the dual-currency system of Z coins, Bonus Cash and Ticketz for tournaments ranging from $10 to $75 entry fees.
Skillz Inc. Lawsuits
Skillz Inc. is dealing with multiple legal issues, including securities lawsuits, false advertising claims and class action cases—though many details remain under litigation.
The Flying Eagle Acquisition merger resulted in a $10 million settlement finalized in August 2025 after stockholders challenged proxy statement accuracy regarding due diligence and stock valuation.
Investors filed securities lawsuits in 2021, claiming Skillz misled them about revenue and Android growth. The courts dismissed these claims in March 2023, upheld by the Court of Appeals in April 2024.
Skillz is also suing Papaya Gaming for allegedly using bots in tournaments without telling players, claiming it misled users and gave some an unfair edge. Filed in March 2024, the case included evidence against Papaya’s fairness claims. A judge denied summary judgment in October 2025, and the case is now moving forward, with potential damages in the hundreds of millions.
Additional litigation includes patent infringement suits against AviaGames for allegedly copying the Skillz platform through their Pocket7Games app, filed in 2021.
A current securities investigation is looking into Skillz’s partner disputes, which caused a 17% drop in stock value after the company sued to stop the agreements from being terminated.
In the Gostev v. Skillz California case, the company is accused of enabling illegal gambling and violating the state’s Unfair Competition Law, adding more pressure to its legal load.
Together, these lawsuits show how Skillz is actively defending its platform, though investors continue to raise questions about its business practices and how transparent it is with financial reporting.