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@ Decrypt - by layer3.news
2025-02-28 18:08:43
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✍️ DraftKings has agreed to settle a class action lawsuit for $10 million, alleging it violated Federal Securities Law by selling NFTs on its marketplace.
👉 DraftKings agreed to settle a class action lawsuit for $10 million
👉 The lawsuit alleged that DraftKings' NFTs were unregistered securities
👉 The company had previously attempted to get the suit dismissed but was denied
👉 The settlement will cover legal fees, settlement costs, and compensation to class members
👉 DraftKings' NFT fantasy sports offering, DraftKings Reignmakers, was shut down
#JustinDufoe #JamesRubin #Massachusetts #business
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