DraftKings Settles NFT Class Action for $10 Million Amid Claims of Unregistered Securities
BOSTON — DraftKings, the well-known gambling company, has agreed to a $10 million settlement in a class-action lawsuit regarding its sales of non-fungible tokens (NFTs) through a marketplace that is no longer in operation. The lawsuit was spearheaded by lead plaintiff Justin Dufoe and represented others who had purchased NFTs from DraftKings. The preliminary approval for the settlement was granted by Judge Denise Casper of the Boston federal court on February 28, following a motion filed by the plaintiff’s group a few days prior. The settlement, which awaits a final approval, proposes a split of … Read more