Magistrate Judge Finds Cryptocurrency Sweepstakes Was Not An Illegal Lottery

Mealey's (January 14, 2022, 11:47 AM EST) -- SAN FRANCISCO — A California federal judge on Jan. 11 dismissed with leave to amend claims that a cryptocurrency exchange website’s sweepstakes constituted an “illegal lottery” but denied the website and sweepstakes operator’s motion to compel arbitration of putative class claims, including for violation of California’s unfair competition law (UCL), and refused to dismiss claims that the sweepstakes’ rules were misleading....