Recently, The best fantasy app in India is EXCHANGE22, a fantasy gaming app company registered with Hulm Entertainment Pvt. Ltd., received an ex parte ad interim injunction from the Delhi High Court. The other gaming app, MyFab11, which introduced a similar gaming platform, was sued for copyright infringement. In addition to Mr. Sandeep Sethi, Senior Advocate, Sudeep Chatterjee, Partner, Singh & Singh Law Firm LLP, and Advocates Tejveer Singh Bhatia, Shifa Nagar, Kiratraj Sadana, and Tanya Arora, EXCHANGE 22 was represented by these lawyers.
Exchange22 is the ultimate fantasy gaming platform that gives users the chance to use their sports knowledge to win money. What sets it apart from the hundreds of other fantasy gaming apps is its innovative trading concept, which allows users to buy/sell a specific player (s). The fact that your income is based on the player’s performance adds to the excitement and thrill. For instance, if a player performs better, you have a better chance of making money from the game; alternatively, if a player performs worse, you have a lower chance of making money from the game.
About Exchange22
Exchange22 combines trading and sports. The first of its kind sports stock exchange and fantasy league. It’s a kind of sports fantasy concept, which is a best fantasy app in India that was founded in 2019, combines sports, trading, and how a stock exchange functions. Players are traded, as opposed to stocks of businesses. Because of its straightforward, user-friendly interface as well as gameplay, we think this one-of-a-kind sports fantasy league concept has redefined the fantasy league concept as well as set new benchmarks while providing users with an exceptional experience. The company that owns and runs Exchange22 is Hulm Entertainment Pvt. Ltd.
The fantasy league gaming platform Exchange22 is the first of its kind for the sports of kabaddi, basketball, football, and cricket. The platform’s unique selling point is its simulated version of a “real-time gaming experience.” Additionally, it incorporates the distinctive features of stock market trading, allowing users to buy and sell player shares in the same manner as buying and selling exchange-listed stocks. Users can make transactions by buying any number of shares in a player prior to the start of the match in real time, up to a maximum of 22 players per global match. The Exchange22 app is a thrilling user experience in addition to the Points System because it is a perfect fusion of Fantasy Sports Leagues as well as Stock Market Trading features.
The Lawsuit
Just one day before the start of the Indian Premier League 2022, MyFab11 released a nearly identical version of EXCHANGE22, which is what caused Exchange22 to file the lawsuit. The new version copied the player prices and front-end analytics gaming data in addition to the gaming interface. Additionally, MyFab11 copied the general advertising approach as well as similar advertising and promotional tactics. Additionally, EXCHANGE22’s registered copyright was substantially replicated in the new update’s concept, expression, and user interface.
MyFab11 has been prohibited from being downloaded by users through their play store, official website, or any other channels, platforms, updates, etc. by the honourable Delhi High Court. Additionally, the MyFab11 app has been ordered to be removed from all app stores where it is available. The domain name registration for myfab11.com was also ordered to be suspended by the domain registrar.
“A hub for unicorns, start-ups, and entrepreneurship at an all-time high is quickly emerging in India. All of these significant accomplishments share the traits of innovation and idea protection. I am grateful to the Honourable Court for reestablishing the community’s confidence in the belief and importance of intellectual property and copyright ownership as one of the essential business assets of the present.” said director of EXCHANGE22, Bodhishatta Karfa.