Legal Investigation Launched Into Skillz Inc. Over Alleged Securities Fraud Claims

Investor Alert: Skillz Inc. Under Investigation by Pomerantz Law Firm

On October 8, 2025, Pomerantz LLP announced a thorough investigation into Skillz Inc. (NYSE: SKLZ) on behalf of its investors. This comes in light of serious allegations of potential securities fraud and questionable business practices attributed to the company and certain associated officers or directors. Investors who have stakes in Skillz are urged to get in touch with Danielle Peyton at the firm for more information about the investigation and possible class action participation.

The backdrop of this investigation stems from a significant disclosure made by Skillz on September 2, 2025, where the company revealed that Tether Studios, along with its affiliate Tether Games, anticipated terminating all partnership agreements with Skillz. This decision was set to take effect on September 1, 2025. The agreements in question involved Skillz licensing its gaming software to Tether for monetization efforts. In return, both entities benefitted from revenue generated through user entry fees in Tether's games.

Upon receiving notification from Tether regarding the termination, Skillz promptly initiated legal measures on September 1, 2025, filing a lawsuit aimed at halting the termination process. This lawsuit emphasizes Skillz's dispute regarding Tether's rationale behind severing their agreements. The abrupt ending of this partnership raised alarm among investors, leading to a drastic reaction in the stock market.

Consequently, Skillz's stock witnessed a notable decline, plummeting by $1.50—or 17.22%—to close at $7.21 per share on September 3, 2025. Such a drastic drop has understandably sparked unrest among shareholders, prompting the investigation spearheaded by Pomerantz LLP, which is esteemed for its advocacy in corporate litigation, securities law, and antitrust class action cases.

Founded by the late Abraham L. Pomerantz, who is often referred to as the dean of class action bar, the Pomerantz Firm has a powerful legacy in defending the rights of investors and victims of securities fraud, often recovering substantial damages for those affected by corporate misdeeds. With over 80 years of experience, the firm is strategically positioned to lead this investigation into Skillz, ensuring that investors may have a voice in the current turmoil.

For concerned Skillz investors, this situation may serve as a wake-up call regarding the rigor of monitoring corporate partnerships and the impact of external corporate decisions on market stability. The unfolding story is not just a legal notice but a narrative emphasizing the importance of accountability in business practices, especially for companies that hold a stake in the burgeoning gaming industry.

To pursue involvement in the investigation or gain more clarity on your rights as a shareholder, feel free to contact Danielle Peyton directly at Pomerantz LLP via email at [email protected] or at 646-581-9980, extension 7980. This investigation could have far-reaching implications for Skillz's future and its investors as the firm seeks to expose any malfeasance that might have occurred.

In conclusion, the ongoing investigation and its resultant analysis will illuminate the recent relational breakdown between Skillz and Tether while assessing the legal ramifications of actions such as the alleged termination of contracts. Investors should pay close attention as events unfold, remaining proactive in safeguarding their investments.

For further details and updates, stay connected with Pomerantz LLP and get involved in this crucial investigation as they fight for investor rights in the challenging landscape of corporate business practices.