Securities class action filed v. DraftKings, adding to mounting cases + risk for NFTs and NFT marketplaces

Yesterday, a proposed class action was filed against DraftKings for its sport-related NFTs sold on its marketplace. The case adds to the mounting litigation over NFTs, platform tokens and staking, and cryptocurrency. Although there hasn’t been a final decision in any of these cases, the signs are ominous.

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The future of NFT marketplaces, projects became so blurry: the lure of zero royalties, marketplace tokens, and growing risk of securities regulation by the SEC (Part I)

But one cannot help but look around and see all the ominous signs of the growing risks of securities enforcement of some tokens and NFTs.

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