Enhanced Games Drops $800M Lawsuit Against World Aquatics Over Anti-Doping Rule
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A federal judge has dismissed an $800 million lawsuit filed by Enhanced Games, a sports startup, alleging that World Aquatics, the World Anti-Doping Agency, and USA Swimming conspired to intimidate athletes from participating in its new series. The lawsuit claimed that World Aquatics' rule banning athletes from competing in events that use scientific advancements or prohibited substances was unfair. U.S. District Judge Jesse Furman initially gave Enhanced Games 30 days to refile the case, addressing the judge's concerns. However, the company chose not to refile, citing recent success in signing swimmers and a desire to avoid complications in its ongoing public offering, which is expected to raise $200 million. Enhanced Games has announced five new swimmers joining its event next May, where athletes will compete for $250,000 first prizes. The event, which will not ban drugs, has attracted a dozen participants, including Olympic medalists. Despite the lawsuit's dismissal, Enhanced Games' business is moving forward, with a focus on offering alternative competition options for elite athletes.
