Recently, the Delhi High Court granted an ex parte ad interim injunction in favor of EXCHANGE 22 on 1st Sports Stock Exchange, a fantasy games app brand registered with Hulm Entertainment Pvt. ltd. The copyright infringement lawsuit was filed against MyFab11, another gaming app, launched an identical gaming platform.
EXCHANGE 22 was represented by Mr. Sandeep Sethi, Senior Counsel, assisted by Sudeep Chatterjee, Partner, Singh & Singh Law Firm LLP, as well as attorneys Tejveer Singh Bhatia, Shifa Nagar, Kiratraj Sadana and Tanya Arora.
EXCHANGE 22 is the premier fantasy league gaming platform for cricket, football, basketball and kabaddi. The distinguishing feature of the platform is “real-time gaming experience” though virtually. In addition, it incorporates the unique features of stock market trading, which allows the user to buy/sell player stocks in the same way as buying and selling stocks on the stock exchange. Users can transact in the form of buying any number of a player’s shares before the start in real time, for a maximum of 22 players per match taking place worldwide. In addition to the point system, the EXCHANGE 22 app is an exciting user experience as it is a perfect blend of fantastic sports league and stock market trading features.
“India is now rushing to become a hub of unicorns, start-ups and entrepreneurship at a whole new height. A common thread running through all these significant achievements is innovation and idea protection. I am grateful to the Hon ‘ble Court for once again instilling confidence in the community in the belief and importance of intellectual property and copyright ownership as one of the inevitable business assets today. “ mentioned Bodhishatta Karfa, Director, EXCHANGE 22
What triggered EXCHANGE 22 to file a lawsuit was that MyFab11 launched an almost-replica version of EXCHANGE 22 just a day before the start of Indian Premier League 2022. The new version not only cloned the interface but also front-end analytical game data. , including player prices, etc. Additionally, MyFab11’s imitation efforts have extended to adopting similar advertising and promotional strategies and overall advertising approach. In addition, the concept, expression and user interface of the new update largely reproduced the registered copyright of EXCHANGE 22.
Hon’ble Delhi High Court has granted an injunction for MyFab11 to be downloaded by users through their app, official website or any other means, platforms, updates etc. application. The domain registrar was also ordered to suspend domain name registration for myfab11.com.
Exchange22 unites sport and commerce. The first sports fantasy league of its kind; Sports scholarship. Founded in 2019, its kind of sports fantasy concept merges sports with trading and the workings of a stock exchange. However, instead of trading company shares, players are traded. We believe that this one-of-a-kind concept of sports fantasy league has redefined the concept of fantasy league and set new benchmarks for its simple and user-friendly interface and gameplay, giving the user a unique experience. Exchange22 is owned and operated by Hulm Entertainment Pvt. ltd.