PoolTogether raises $1M for legal defence

PoolTogether has raised $1 million in Ethereum (ETH) for its litigation against a former political employee. The company’s “Pooly NFT” crowdfund has provided the funds. Kent was Elizabeth Warren’s tech lead in January. Joseph Kent sued PoolTogether for operating an “illegal lottery” in New York. PoolTogether “may never deliver a positive expected value,” the complaint contends because it reserves 50% of the weekly prize.