Facebook Sued by Gambit Over Market for Social Game Currency
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Facebook Inc. was sued by Kickflip Inc., which does business as Gambit, over claims the social-networking company broke antitrust laws in the virtual-currency market.
Gambit was the leading virtual currency and payment-processing provider to software developers that published games on Facebook and other social networks. Facebook’s decision in 2009 to offer its own services to developers destroyed a “vibrant and competitive market,” lawyers for Kickflip said in court papers made public today in federal court in Wilmington, Delaware.