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DRAFTKINGS AGREES TO SETTLE NFT LAWSUIT AS LEGAL BATTLES OVER DIGITAL ASSETS INTENSIFY - Sports betting giant @DraftKings has reached a settlement agreement in a class-action lawsuit concerning its NFT-based "Reignmakers" fantasy sports platform. - The lawsuit, originally filed… https://t.co/a3EISFlPJI
🚨JUST IN: DRAFT KINGS AGREES TO $10M SETTLEMENT OVER THE SALE OF NFTS
DraftKings has agreed to settle a class action lawsuit which alleged it violated Federal Securities Law when it sold NFTs on its marketplace, according to a Federal court filing https://t.co/v6ctULNA5C
DraftKings has agreed to pay $10 million to settle a class action lawsuit brought by customers who alleged that the sportsbook violated state and federal securities laws in the sale of non-fungible tokens (NFTs). The proposed settlement, which affects users of DraftKings' marketplace who owned these NFTs, was confirmed in a federal court filing. The lawsuit focused on the company's NFT-based 'Reignmakers' fantasy sports platform, amid increasing legal scrutiny over digital assets in the gaming industry.
