CoinVoice has recently learned that, according to CoinDesk, a US judge in Massachusetts rejected DraftKings' request to dismiss a class action lawsuit filed by its NFT buyers.
Buyer Justin Dufoe first filed suit against DraftKings on behalf of other owners in March 2023, claiming that these NFTs meet the requirements of the Howey test. In this recent ruling, the court agreed that DraftKings' NFTs involve the investment of funds, the pooling of assets into a common enterprise, the sharing of risks and profits, and a reasonable expectation of profits from DraftKings' efforts, and therefore they may be classified as securities under the Howey test. [Original link]
