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Chanced and Punt

If you have lost real money using Chanced or Punt you may be eligible to pursue a legal claim.
What happened?

Claims allege that Chanced and Punt are not legitimate “social casinos” as advertised, but instead operate as unlawful, unlicensed gambling platforms that cause consumers to lose real money through deceptive and manipulative practices.

How We May Help

Class Action U is here to help you understand your rights and get you in touch with a skilled attorney who can guide you through the legal process.

What You Can Do

If you’ve lost money using Chanced and Punt, take action now by filling out the form linked below to determine whether you may qualify to pursue a legal claim.

Consumers allege they were misled into believing Chanced and Punt were participating in legal social gaming, only to discover that the platforms encouraged repeated spending, concealed gambling risks, and failed to provide appropriate warnings. As a result, many users reported financial losses.

If you meet the following criteria, you may be eligible to participate in the arbitration process and may be eligible to pursue a legal claim:

  1. Age Requirement – You are 18 years or older.
  2. Account Holder – You created an account with Chanced and Punt.
  3. Financial Losses – Your overall margins were a loss on the platforms within the last four years. Users who won money or broke even are not eligible.

If you believe you have been impacted here’s what you can do:

  1. Account creation: Your Chanced and Punt username(s).
  2. Gather Documentation: A screenshot or copy of an email from Chanced and Punt showing your email address. Also, include screenshots of any customer service disputes submitted to the platforms.
  3. Complete the Form: If you believe you qualify, complete the form and submit your documentation to learn if you may qualify to pursue compensation.

If you have lost real money using Chanced or Punt you may be eligible to pursue a legal claim.

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Frequently Asked Questions

You may qualify if you used the company’s product or service during the time period when the issue affecting other consumers occurred, agreed to the company’s terms of service (which include a mandatory arbitration clause), and experienced the same problem affecting the larger group.

To confirm your eligibility, gather proof of use, such as receipts, account statements, or confirmation emails and complete the intake form to work with our attorneys.

Compensation varies based on your individual damages; there’s no flat payout amount. Settlement amounts are awarded based on each person’s specific circumstances, which often leads to higher individual payouts compared to class action lawsuits where a single settlement fund is divided equally among many participants. Once settled, arbitration decisions are legally binding, meaning the company must pay your full settlement amount.

The mass arbitration process starts with intake and evidence gathering, followed by sending a Notice of Dispute to the company. Once the filing deadline passes, claims are officially filed and a Process Arbitrator is appointed to manage administrative matters. The parties then enter a global mediation phase to negotiate settlement within 120 days. If claims don’t settle, select cases move to a bellwether phase where an arbitrator rules on representative test cases. Finally, after settlement or individual awards are made, claimants receive their compensation payouts.

Nothing. In most cases handled by our partner firms, consumers pay $0 out of pocket to start their claim. Your attorneys will cover any filing fees as part of their contingency arrangement, and the company is required to pay the arbitrator’s fees and most administrative costs. For people with legitimate claims, there is virtually no financial risk in joining a mass arbitration.

A mass arbitration typically takes about 8 to 18 months to resolve, which is significantly shorter than a federal court lawsuit that averages 31 months. The timeline includes intake and evidence gathering (30-90 days), notice of dispute (30-60 days), a mandatory global mediation period within 120 days, and potentially a bellwether phase (6-12 months) if the case doesn’t settle earlier.

Mass arbitration involves filing many individual claims against the same company that are coordinated together, with each claim remaining separate and potentially resulting in individual settlements.

Class actions consolidate all claims into a single lawsuit resolved by a court.

Key differences include:

  1. Speed: arbitration is typically faster
  2. Control: Arbitration gives individuals more control over their claim
  3. Privacy: mass arbitration is confidential while class actions are public record.

No, mass arbitration takes place outside of court through a private arbitration process. Most hearings can be held virtually via telephone or videoconference, depending on the claim amount and circumstances.

Once the company settles, individual payments are distributed to claimants based on their specific damages. Rather than dividing one settlement fund equally like a class action, each person receives compensation calculated according to their unique circumstances and the extent of their harm. The settlement is legally binding, meaning the company must pay all awarded amounts. This individualized approach often results in higher payouts per person compared to class action settlements.