---
schema_version: "secwatch.filing_event.v1"
accession: "0001801661-25-000025"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:56:20.442652+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Skillz receives termination notice from Tether; files lawsuit in Delaware Chancery Court

## Summary
- Tether Studios and Tether Games terminated agreements covering Solitaire Cube and 21 Blitz effective Sept 1, 2025.
- Skillz filed suit in Delaware Court of Chancery on Sept 1 seeking injunctive and declaratory relief over alleged breach.
- Skillz believes termination notice is invalid; post-termination period allows Skillz to host paid competitions for 18 months.
- Revenue from entry fees shared between Skillz and Tether; litigation outcome and business impact are uncertain.

## SEC filing metadata
- accession: 0001801661-25-000025
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000180166125000025/0001801661-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000180166125000025/sklz-20250829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801661-25-000025
- JSON: https://secwatch.observer/filing/0001801661-25-000025.json
- Plain text: https://secwatch.observer/filing/0001801661-25-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.