-+ 0.00%
-+ 0.00%
-+ 0.00%

Israeli court rejects Papaya debt plan to repay USD 730 million to Firy unit Skillz

PUBT·08/31/2026 12:02:51
Listen to the news
Israeli court rejects Papaya debt plan to repay USD 730 million to Firy unit Skillz
  • An Israeli court rejected Papaya Gaming’s request to put its debt settlement plan to a creditor vote over $730 million owed to Skillz.
  • The judge ordered Papaya to add funding beyond operating profits, citing lack of security or equity support in the proposal.
  • A US jury found Papaya liable for false advertising in April 2026, awarding Skillz USD 420 million under federal and New York law.
  • A US judge ordered Papaya on July 27, 2026 to pay Skillz USD 719 million in disgorgement, USD 10 million in fees and costs.
  • Papaya has not posted an appeal bond, while Israeli proceedings include a 45-day collection pause that began Aug. 3, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260831697498) on August 31, 2026, and is solely responsible for the information contained therein.