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.