Sports activities playing firm Draftkings is shutting down its non-fungible token (NFT) enterprise “efficient instantly,” the corporate stated in an e-mail to clients, ending a high-flying crossover between digital collectibles and sports activities tradition.
“After cautious consideration, DraftKings has determined to discontinue Reignmakers and our NFT Market, efficient instantly, on account of current authorized developments. This choice was not made frivolously, and we imagine it’s the proper plan of action,” the e-mail stated.
Weeks in the past, a federal decide allowed a category motion lawsuit towards DraftKings to proceed after discovering plaintiffs “plausibly pled” DraftKings’ NFTs had been unregistered securities, in accordance with Westlaw.
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