A federal judge determined that the non-fungible tokens available on DraftKings' marketplace qualify as securities, subjecting the company to class action lawsuits.
Furthermore, according to the lawsuit, DraftKings neglected to register its NFTs as securities with the Securities and Exchange Commission during the class period. If that is validated, DraftKings may come under regulatory scrutiny because the commission has acted to enforce its classification of NFTs as securities through enforcement actions.
Furthermore, according to the lawsuit, DraftKings neglected to register its NFTs as securities with the Securities and Exchange Commission during the class period. If that is validated, DraftKings may come under regulatory scrutiny because the commission has acted to enforce its classification of NFTs as securities through enforcement actions.