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NFT Decrypt

US Courts to Decide If NFTs Are Securities as DraftKings Case Goes to Trial

The plaintiff in the class action lawsuit “plausibly alleged that DraftKings’ NFTs satisfy three prongs of the Howey test," wrote the judge.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

US Courts to Decide If NFTs Are Securities as DraftKings Case Goes to Trial
The plaintiff in the class action lawsuit “plausibly alleged that DraftKings’ NFTs satisfy three prongs of the Howey test," wrote the judge.

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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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