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Category draftkings

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DraftKings Dumps NFT Business, Citing Legal Developments

DraftKings Dumps NFT Business, Citing Legal Developments

The sports gambling company faces a class action lawsuit alleging its NFTs are securities.
Jul, 30, 2024
by CoinDesk
DraftKings NFTs Securities Trial Advances As Judge Rejects Motion To Dismiss Lawsuit

DraftKings NFTs Securities Trial Advances As Judge Rejects Motion To Dismiss Lawsuit

A US Judge has rejected DraftKings’ motion to dismiss the class action lawsuit filed by the company’s Non-Fungible Token (NFT) buyers. The lawsuit ...
Jul, 04, 2024
3 min read
by Bitcoinist
DraftKings lawsuit advances in the US, ushering a new era for NFT securities trials

DraftKings lawsuit advances in the US, ushering a new era for NFT securities trials

A Massachusetts judge has refused DraftKings' motion to dismiss a class action lawsuit filed by buyers of its non-fungible tokens (NFTs).
Jul, 03, 2024
3 min read
by CryptoPolitan
U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward

U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward

The class action suit from DraftKings buyers alleges that NFTs are investment contracts.
Jul, 03, 2024
by CoinDesk
Paying for Use Slows Down Crypto's Search for a Use Case

Paying for Use Slows Down Crypto's Search for a Use Case

CoinDesk's Danny Nelson reported that Polygon paid DraftKings to be on the network, a furtive deal that only misrepresents consumer choice.
Nov, 30, 2023
by CoinDesk