Is the word “RIOT” now so attached to the company Riot Games that no other company can use the word in its name? Riot Games seems to think so based on its recent initiation of a lawsuit in the U.S. District Court for the Central District of California.
Many states have fantasy sports laws in place that are intended to create regulatory bodies within their borders for the purpose of overseeing and regulating fantasy sports operators. The big fantasy sports companies that come to mind are FanDuel and DraftKings, but many other corporate entities are doing business and thinking about launching gaming products for consumers to engage in different types of fantasy sports offerings.
The Wire Act prohibits individuals involved in the business of gambling from transmitting types of wagering-related communications over “the wires,” which includes the Internet. It was originally enacted in 1961 and later clarified, in 2011, as a measure that is limited to having an effect on sports gambling.