In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test.
sekar nallalu Cryptocurrency,DraftKings,News,NFTs,non-fungible token,Policy U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward