The NFL Players Association has filed a $65 million lawsuit against DraftKings for abruptly shutting down its NFT-based fantasy sports platform, Reignmakers. The lawsuit alleges that DraftKings breached its licensing agreement by halting payments owed to the NFLPA. Reignmakers allowed users to trade NFTs linked to NFL players in fantasy sports contests. DraftKings closed the platform citing legal issues. The NFLPA claims the $65 million owed is based on minimum guarantees in the contract. DraftKings' decision to stop payments is attributed to the NFT market downturn. The lawsuit argues that a court ruling did not classify the NFTs as securities, making the contract valid. The case, assigned to US District Judge Analisa Torres, could impact the legal treatment of NFTs. CryptoSlate provides comprehensive crypto news and insights, focusing on Bitcoin, DeFi, and AI. Read more AI-generated news on: https://app.chaingpt.org/news