# Skillz

Skillz is an other based in Sacramento, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Sacramento, United States
- **Region:** North America
- **Address:** Sacramento, CA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.skillz.com
- **LinkedIn:** https://www.linkedin.com/company/kiln-fi

## Regulatory record

- **Reports private funds:** No

## About

Democratising value creation in digital assets | The institutional layer for onchain assets

## Sectors

- Media & Entertainment

## People

- Andrew Paradise — Founder and CEO

## Questions

### How does Skillz generate revenue?

Skillz takes a percentage of entry fees and prize pools from paid tournaments hosted on its platform. Developers receive a share of revenue that increases as they attract more paying players. The company reported $23.6 million in revenue for Q3 2024 (per SEC filing, November 2024).

### Is Skillz a gambling company?

Skillz argues it is not — its model is based on skill-based competition, not chance. The platform only pays out based on player performance, not random outcomes. This legal distinction allows it to operate in most US states without casino licensing. Some states have challenged this classification in court.

### What investment stages does Skillz target?

Skillz does not operate as an investment firm. It is a publicly traded technology platform. The company does not deploy capital as an allocator or fund manager. Its financial strategy focuses on R&D, platform development, and user acquisition from operating cash flow.

### Which sectors does Skillz explicitly avoid?

Skillz explicitly avoids games of chance or luck-based outcomes. Its platform prohibits entries that simulate slot machines, roulette, or other random-result games. The company positions itself as an alternative to both gambling and traditional esports by focusing on casual mobile games with cash prizes.

### Does Skillz use bots?

No — Skillz explicitly states on its website that every tournament matches real players against real players. The company calls bots antithetical to its model of fair competition. All matchmaking uses proprietary skill-based pairing, not automated players.

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Last updated: 2026-06-03T20:00:00.000Z

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