DraftKings Shuts Down NFT Business Amid Legal Challenges
Sports gambling company DraftKings has announced the immediate shutdown of its non-fungible token (NFT) business, including the Reignmakers platform and its NFT Marketplace. The decision follows recent legal developments, including a class action lawsuit alleging that DraftKings’ NFTs were unregistered securities. This legal action gained traction when a federal judge allowed the case to proceed,…