DraftKings, a company that lets you bet on sports, sold special digital pictures called NFTs. Some people who bought these NFTs lost money. They sued DraftKings! The lawsuit was about whether these NFTs were like stocks, which need special permission to sell. It was a big legal battle.
- DraftKings will pay $10 million to settle the lawsuit.
- People who lost money buying DraftKings NFTs will share the money.
- The lawsuit claimed the NFTs were sold without the right permissions.
- DraftKings closed its NFT marketplace after the lawsuit started.
| Fact | Number |
|---|---|
| Settlement Amount | $10 million |
| Lead Plaintiff's Claimed Loss | $14,000 |
| Estimated Total Damages (range) | $18 million - $58 million |
