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Stake Hit With Lawsuit Over Name as It Attempts to Get Australian License

  • A share trading platform called Stake filed a copyright infringement lawsuit
  • It comes as crypto gambling platform Stake attempts to get a license in Australia
  • The trading firm believes the same name could lead to consumer confusion
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Popular cryptocurrency gambling platform Stake is facing a copyright infringement lawsuit in Australia filed by a trading platform that uses the same name. [Image: Shutterstock.com]

Popular cryptocurrency gambling platform Stake is now in a legal battle in Australia with a share trading platform that uses the same name. The news comes as Stake attempts to register various trademarks in the country and apply for a new license.

people might think there’s an affiliation between the two brands

The gambling operator is dealing with a copyright infringement lawsuit in the Federal Court of Australia that alleges the company’s branding could lead to confusion, as well as dilute the trading platform’s brand. Legal representatives for the plaintiff claim people might think there’s an affiliation between the two brands, which is not the case.

In order to decide cases of this kind, the outcome can often depend on the similarity of the names, the overlap in services, as well as the potential for confusion among consumers. The lawsuit aims to stop the gambling operator from using its name in Australia.

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