CryptoBlog n.2125
🖼 US Courts to Decide If NFTs Are Securities as DraftKings Case Goes to Trial A U.S. District Court judge in Massachusetts has denied DraftKings' motion to dismiss a class action lawsuit alleging its NFTs are unregistered securities, potentially setting the stage for a landmark trial that could reshape the NFT landscape. The case, Dufoe v. DraftKings Inc., which was filed in March 2023, claims that DraftKings' sports-themed NFTs on the Polygon blockchain meet the criteria of the Howey test, potentially classifying them as securities. Now, a new court filing indicates that the case is moving forward under Judge Denise Jefferson Casper.