Skillz Inc. (NYSE:SKLZ) reported that on Friday it received notice from Tether Studios, LLC and Tether Games, Inc. regarding the termination of all agreements between the two companies, with the termination intended to take effect on Monday. Skillz stated in a press release that it believes the termination notice is invalid and constitutes a breach of Tether's contractual obligations. Under the agreements, Tether licensed Skillz's software development kit to provide monetization services for Tether-developed games, with both companies sharing revenue generated from user entry fees. The agreements allow either party to terminate with written notice for convenience or for cause. Tether's notice stated the termination was for convenience, but also asserted grounds for termination for cause effective September 28, 2025, if the convenience termination is not upheld by a competent tribunal.