Tag: reignmakers

DraftKings Pays $10 Million to Settle Reignmakers NFT Lawsuit

DraftKings Pays $10 Million to Settle Reignmakers NFT Lawsuit

Online sports book DraftKings has settled a class-action lawsuit over its Reignmakers NFTs for $10 million. In March 2023, representative plaintiff Justin Dufoe filed suit. He claimed that these NFTs warrant the status of investment contracts under U.S. securities law. On February 28, 2025, the settlement was granted preliminary approval....