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Dufoe v. DraftKings Inc. et al
Case Number:
1:23-cv-10524
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 31, 2025
DraftKings' $10M Deal With NFT Buyers Gets Final Green Light
Sports betting giant DraftKings Inc. and purchasers of certain nonfungible tokens it offered have gotten a judge's final sign-off for their $10 million deal ending claims the tokens ran afoul of securities laws.
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February 27, 2025
DraftKings To Pay $10M In NFT Proposed Class Settlement
DraftKings Inc. will pay $10 million to users of the sports betting site who owned nonfungible tokens offered through its marketplace, according to a proposed settlement in the putative class action.
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July 31, 2024
DraftKings Closes NFT Platform Over 'Legal Developments'
DraftKings has announced that it is shuttering its nonfungible token marketplace due to "recent legal developments," with the decision coming weeks after a Massachusetts federal judge permitted a proposed securities class action involving the marketplace to move forward.
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July 02, 2024
DraftKings Must Face Securities Suit Over NFTs
A Massachusetts federal judge won't toss a proposed class action claiming that DraftKings Inc. sold unregistered non-fungible tokens on its marketplace, ruling that the suit plausibly alleges that the company falsely advertised that its NFTs would appreciate in value.
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December 19, 2023
DraftKings' Control Makes Sports NFTs Securities, Judge Told
A Massachusetts federal judge said Tuesday that she is still wrestling with whether DraftKings' non-fungible tokens are securities after an hour of debate, with customers arguing that the online sports betting giant's NFT marketplace effectively mirrors the stock market.
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November 13, 2023
DraftKings' NFTs Are Undeniably Securities, Investor Retorts
The lead plaintiff in a proposed class action alleging online marketplace DraftKings' non-fungible tokens were sold as unregistered securities slammed the sports betting giant's attempt to dismiss the suit, saying its motion contradicts definitions of securities established in landmark cases.
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September 26, 2023
Sports NFTs Not Securities, DraftKings Argues In Exit Bid
The non-fungible tokens on DraftKings' marketplace don't qualify as securities because buyers do not share in the profits and risks of the company by purchasing them, the sports betting giant argued in a motion to dismiss in Massachusetts federal court.
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March 09, 2023
DraftKings NFT Sales Broke Securities Laws, Suit Says
DraftKings Inc. illegally sold unregistered securities when it released non-fungible tokens through its own marketplace, according to a putative class action filed Thursday by an Illinois resident who says he lost $14,000 buying and selling the digital assets on the sports betting giant's platform.