U.S. Judge Denies Motion to Dismiss Class Action Lawsuit Against DraftKings and Its NFTs

In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test.


Spread the love

Related posts

Leave a Comment