Four state enforcement agencies across the United States have issued simultaneous cease-and-desist orders to a metaverse casino after determining that the company's nonfungible tokens (NFTs) are unregistered securities.
The metaverse casino Slotie is said to be offering access to the metaverse casino, staking rewards, revenue split from its games, lotteries, and native token WATT over two NFT collections.
Regulators don't seem to be happy with the platform's promotion of NFTs or its purported lack of securities registration, though.
The metaverse casino Slotie is said to be offering access to the metaverse casino, staking rewards, revenue split from its games, lotteries, and native token WATT over two NFT collections.
Regulators don't seem to be happy with the platform's promotion of NFTs or its purported lack of securities registration, though.