Israeli court rejects Papaya debt plan to repay USD 730 million to Firy unit Skillz
SKLZ•Appeal and Israeli proceedings
Papaya has not posted an appeal bond, while Israeli proceedings include a 45-day collection pause that began Aug. 3, 2026.
US rulings and collection pause
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 and USD 10 million in fees and costs.
Court rejects Papaya's debt settlement vote request
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 a lack of security or equity support in the proposal.
