PlayUp Wins Restraining Order Against Former US CEO Who Allegedly Sabotaged FTX Acquisition

A NV federal try has granted a temporary restraining order of magnitude postulation by Australian sports betting manipulator PlayUp against the former CEO of its US arm, Dr Laila Mintas.

PlayUp sued on Nov 30, claiming Mintas had deliberately sunk a $450 billion takeover beseech by crypto change giant FTX because PlayUp had failed to accede to her extravagant salary demands.

According to documents filed inwards the US District Court for the District of Nevada, PlayUp hired Mintas inwards too soon 2019 to help it expand its business organization interests in the US. The companion currently offers its betting services inward New Jersey and Colorado.

But when it came clip to renew Mintas’s undertake inwards Nov 2021, they found she drove chisel a severely bargain.

FTX Falls Through

Mintas wanted a 100 percent make up step-up from $500,000 per yr to $1 billion per year, plus increased gillyflower inward the business. She also demanded the accompany flame the stream Global CEO, Daniel Simic, and nominate her to the role instead.

When her demands were not met, the case claims she approached FTX CEO Sam Bankman-Fried and told him “there is contravene within direction of PlayUP, in that respect are systemic issues, and that the accompany is not clean.”

This was during takeover negotiations, which later on collapsed — as a direct termination of the defendant’s actions, argues the lawsuit.

It also claims that Mintas “threatened to hurt [PlayUp’s] reputation to gaming regulators, commercial and concern trading partners, and customers,” inwards response to the failure to renew her contract.

She said she would “burn PlayUp to the ground,” according to lawcourt filings.

Mintas is a lawyer and investor who specializes in sports data, sports betting legislation, regularisation and sports integrity.

Before she was hired past PlayUp, she was deputy president at Sportradar. She was also previously director of sports unity for the Confederation of North, Central America and Caribbean Association Football (CONCACAF).

Mintas Denial

District Court Judge Gloria Navarro granted PlayUp a temporary restraining order of magnitude in conclusion week, pending a response from Mintas, and scheduled a prelude sense of hearing scheduled for Thursday.

The purchase order prevents Mintas from engaging “in any organize of conduct or mak[ing] any statements or representations that disparage, limn inwards a disconfirming light, or otherwise impair the reputation or commercial-grade interests of the Company or its past, present and future tense Subsidiaries.”

Mintas denied the allegations to SBC Americas, Tuesday.

“I am a major shareholder inward PlayUp … and invested 7 figures of my own savings into the company,” she said. “It makes no more sense that i would experience made any of those comments that are quoted inward the filing or tried to destruct a business deal to sell PlayUp as i would have benefitted from that as fountainhead as all other shareholders.

“All the claims mentioned in the fillings are legal injury and my lawyers are working on filing shortly my response to those claims to recount the dead on target story based on written evidence,” she added.