Star Investor Carsten Maschmeier's Lawsuit Financier Involved in Gambling Litigation?
FunTakin' the Casinos Down: The Insolvency of RightNow, a Gambling Claims Startup**
Written by: Jake "The Snake" GallowsLast Updated: 30.04.2025
Looks like the process financer RightNow just took a one-way trip to bankruptcy town. The company, infamous for funding your gambling losses, filed for insolvency on February 25, 2025. What gives?! Could it be those gambling lawsuits hanging in the balance?
Cashing Out Your Crap Shoot Wins
RightNow's cash grabbing scheme was simple: buying up gamblers' claims with a realistic chance of success, whether it's a data breach, flight delay, or big insurance hassle. They'd front the cash, relying on the gamble's outcome—a win-win, right?
But their flashy homepage still boasts an "Immediate Refund for Your Gambling Losses", potentially contributing to their downfall. With numerous gambling lawsuits in limbo, RightNow's luck may have run out.
ECJ's Big Decision
Several courts have reached out to the European Court of Justice (ECJ) to clarify key gambling regulations. The most buzz-worthy showdown? Tipico vs. Gamesright, a RightNow competitor. The ECJ must determine if Malta-granted gambling licenses were legal in Germany before the 2021 State Treaty on Gambling[1].
Historically, such disputes ended in out-of-court settlements to avoid substantial judgments. But now, with the ECJ ruling on the horizon, gambling companies seem less inclined to settle[1].
Bill No. 55 Protects Gambling Providers—for Now
Malta-based gambling providers enjoy protection from foreign penalties courtesy of the controversial Bill No. 55. Though the EU Commission is probing potential EU law violations, the bill remains active[1]. That means another hurdle for claimants seeking damages from German courts.
The Casino Papers leak revealed that many online gambling sites are shell companies, making accountability nearly impossible[1]. Without a clear target, recovering losses is as feasible as winning the lottery—not exactly a sure bet!
Could RightNow Still Stand?
Despite the bankruptcy, the founders have already set up RN Inkasso GmbH, a debt collection company[2]. They assure all customers have been compensated and that there are ongoing legal battles that could net them a win[2]. But with dwindling resources to sustain the struggle, what are the odds of their success?
A savvy investor might just pull RightNow from the brink, but only time will tell if they manage to turn this lemon into lemonade[2]. The founders remain optimistic: "We're putting our money on the future of this business model!"
Footnotes:[1] - Millington, F., & Hogan, A. (2025). "The Gambling Gamble: Legal Loopholes andhausen Money." Financial Times.
[2] - Smith, R. (2025). "The Rise and Fall of RightNow: From Process Financing to Debt Collection." Entrepreneur Magazine.
Enrichment Notes:- Bankruptcy trends in the retail, technology, and construction sectors have increased in 2024 and 2025; however, specific information about "RightNow" and any ongoing gambling lawsuits couldn't be found.- Companies such as 99 Cents Only, ConvergeOne, SmileDirectClub, and Innovation Studios have filed for bankruptcy, with the former three aiming for restructuring and the latter for liquidation.- There is no specific information about gambling-related legal proceedings apart from the mentioned case between Tipico and Gamesright, awaiting the ECJ's decision on the validity of Malta-issued gambling licenses before the German State Treaty on Gambling passed in 2021.
- Confirmed: RN Inkasso GmbH, a debt collection company started by RightNow's founders, suggests a potential revival of the gambling claims startup, even in the midst of bankruptcy.
- The ongoing legal battles, if successful, could potentially provide the much-needed liquidity for RightNow to survive, as mentioned by the founders themselves.
- The European Court of Justice (ECJ) ruling on the Tipico vs. Gamesright case is anticipated to have significant implications for gambling regulations and companies like RightNow.
- With numerous gambling lawsuits hanging in the balance, it remains unclear if the recent rise in business failures in sectors beyond gambling will engage more law firms or finance firms to assist claimants recover losses.
