X Community Accuses DraftKings of Rugpull After Reignmakers Shut Down

Quick Summary:

A federal court denied a motion to dismiss a class action lawsuit alleging that DraftKings-issued NFTs were unregistered securities about a month ago.

The sports betting platform cited recent “legal developments” in an email to users.

DraftKings has shut down Reignmakers, its NFT business, effective immediately.

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Article Details

Author / Journalist: Daniela Kirova

Category: CryptoTechnology

Markets: Canada

Topics: Bankless Draftkings Reignmakers Years Financial News Writer Investment Risk Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 06:04:05 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: banklesstimes.com

Language: English

Article Length: 1014 words

Reading Time: 6 minutes read

Sentences: 57 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bankless Times

News ID: 21867735

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About Bankless Times

Main Topics: CryptoTechnology

Official Website: banklesstimes.com

Update Frequency: 7 posts per day

Year Established: 2011

Headquarters: Canada

News Last Updated: 9 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #29

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