Monday, April 6, 2026 1:49 PM
An affiliate of bond-trading giant Cantor Fitzgerald sued sports-betting platforms DraftKings and FanDuel in U.S. court on Thursday, alleging they infringed patents created by defunct gambling-technology company Cantor Gaming.
Two of the patents, related to mobile gambling technology, were co-invented by U.S. Commerce Secretary Howard Lutnick and other Cantor Gaming employees on the company’s behalf when Lutnick was Cantor Fitzgerald’s CEO.
They are now owned by plaintiff Interactive Games LLC, another Cantor affiliate, according to Nevada business records.
Lutnick stepped down as CEO of Cantor Fitzgerald and chairman of Interactive Games when he was confirmed as Republican U.S. President Donald Trump’s Commerce Secretary last year. The company at the time said that Lutnick divested from all of his Cantor business interests.