Florida lawsuits target Stake and VGW as sweepstakes pressure grows
Florida has become the latest state to take legal action at sweepstakes-style gaming, with Attorney General James Uthmeier suing the… Continue reading Florida lawsuits target Stake and VGW as sweepstakes pressure grows The post Florida lawsuits target Stake and VGW as sweepstakes pressure grows appeared first on ReadWrite .
Florida Attorney General James Uthmeier has filed lawsuits against Stake US and Virtual Gaming Worlds (VGW) for operating illegal online casinos disguised as sweepstakes or social gaming platforms. The complaints, filed in Hillsborough County Circuit Court, claim the companies present their products as sweepstakes while offering real gambling, resulting in hundreds of millions of dollars in revenue from Florida consumers.
The Attorney General argues that the companies’ marketing, including celebrity endorsements and influencer partnerships, lures consumers into believing the platforms are legitimate and legal. The lawsuits also target companies that allegedly helped the platforms process transactions, such as payment businesses Praxis Tech and Breeze Labs Payments.
Stake and VGW have yet to contest the claims, which come amid a broader state-level push against sweepstakes casinos questioning the legality of dual-currency systems.
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