Sunday 8. November, 2015

Sportsbet Accused of Stealing Punt Club Business Secrets

Adelaide-based Punt Club has accused Paddy Power’s Australian operation, Sportsbet of stealing their business secrets. Jason Neave, CEO of Punt Club filed legal papers in the Supreme Court, claiming they have infringed on copyright. Neave claims that top executives of Sportsbet joined the Punt Club site in order to gather information on how their Punter’s Club betting syndicates work, before starting a similar service on Sportsbet.

Punt Club was launched in 2011 and currently hosts hundreds of betting syndicates. According to Neave, executives of Sportsbet contacted him with the intention of signing a deal to give them exclusivity to the website. Neave declined, but offered a link-sharing deal as an alternative.

However, a number of Sportsbet executives, including the CEO, CFO, CIO, COO, CMO and head of legal and regulatory affairs, joined the site.

Last month, a beta version of their Punter’s Club was launched by Sportsbet. It allows friends to create a betting group with each participant contributing money to the pool. Members then take turns betting on behalf of the group.

Neave stated that by inducing their employees to join Punt Club to learn how the system works, they have breached the T&C of the site. He has asked the Supreme Court to rule on whether they have infringed on his copyright so he can decide whether to claim compensation.

Sportsbet has filed a response rejecting Neave’s claim of ownership, stating that a punter’s club is a common and generic concept with many variations throughout the Australian gaming industry. Furthermore, they stated that gathering information about how the Punt Club works does not breach the T&C of the site. Both sides are awaiting a ruling from the Court.

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