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Colossus Bets

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile3 entries

  1. 2025

    Texas Lottery bulk-ticket operation

    The Wall Street Journal reported that the founders organised a 2023 syndicate operation that purchased nearly every possible number combination in a Texas Lottery draw and won a jackpot. The episode was associated with wider controversy over online ticket couriers and bulk purchases.

    Source

  2. 2021

    Colossus Bets sues DraftKings over cashout patents

    Lawsuit filed

    Colossus Bets filed a patent infringement lawsuit against DraftKings in the US District Court for Delaware over patents related to a cashout feature. Colossus Bets alleges ongoing infringement and said it would seek increased damages for willful and deliberate infringement; the source does not report a court determination.

    Source excerpt

    • The business added that, because of this, it would seek increased damages “for willful and deliberate infringement”.
    • Colossus Bets has filed a patent infringement lawsuit against DraftKings in the US District Court for Delaware, over patents related to a cashout feature.
    Source

  3. 2018

    Disclosure of principal backer and cancellation of Britbet arrangement

    Reporting revealed that Zeljko Ranogajec was Colossus Bets' principal backer and had used the alias John Wilson. Britbet subsequently cancelled its arrangement with Colossus Bets and moved toward The Tote.

    Source