A class-action lawsuit filed by Hagens Berman accuses major American horse racing industry entities—including the Stronach Group, Churchill Downs, NYRA, and their data subsidiaries—of colluding to rig pari-mutuel betting pools in favor of computer-assisted wagering (CAW) platforms they own or control. These platforms, such as Elite Turf Club and Velocity, enable well-funded bettors to place strategic, last-second bets using privileged real-time data connections, allowing them to manipulate odds and secure “no-risk, no-loss” advantages that harm everyday retail bettors.

The suit alleges these defendants violate the Racketeer Influenced and Corrupt Organizations Act by effectively rigging the betting system to destroy value for regular bettors, who cannot compete on a fair pari-mutuel basis. The plaintiff, representing all non-CAW users nationwide, seeks compensatory and treble damages, highlighting the scheme as a “reverse-Robinhood” where insiders enrich themselves at the expense of average public bettors.