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Legal
January 28, 2025
DraftKings Reaches Agreement with NFLPA, Pauses Lawsuit
Sports betting powerhouse DraftKings has reached an agreement with the National Football League Players Association (NFLPA), potentially ending the legal battle between the two parties. The court proceedings will be put on hold while the operator wraps up its negotiations with the association. Buyers’ Remorse Is Not a Basis to Terminate a Contract The NFLPA, […]
Blockchain
July 31, 2024
DraftKings to Shut Down NFT Marketplace and Reignmakers
American betting giant DraftKings had decided to shut down its non-fungible token (NFT) marketplace and cease the operation of its NFT-based fantasy sports game, Reignmakers. The decision comes amid legal challenges against NFTs’ status as investable securities. The End of an Era The ongoing challenges the NFT sector faces could have made DraftKings liable in […]
Sports
July 4, 2024
Court Decision Threatens DraftKings’ NFT Enterprises
DraftKings, the prominent online sportsbook operator, is grappling with significant legal and business challenges. A US Judge in Massachusetts recently denied DraftKings’ motion to dismiss a class action lawsuit related to its non-fungible tokens (NFTs), while the operator may also be considering selling off its unsuccessful VSiN media business at a significant loss. NFT Tech […]
Blockchain
October 18, 2023
France Passes Sorare Law, Awaits Approval from the Constitutional Council
French blockchain enthusiasts have a reason to rejoice as the Sorare law was passed with overwhelming support. Under the new law, which would provide the foundation for a regulatory framework for games using NFT and crypto features, such titles will not be classified as gambling. Backed by 437 voters and opposed by 77, the so-called […]
Casino
April 3, 2023
Station Casinos Boosts Loyalty Program with NFT Rewards
Famous American hotel and casino company Station Casinos announced the launch of an all-new non-fungible token (NFT) casino loyalty rewards program called STN Charms. Unveiled last week, the innovative loyalty program launched for all of the company’s properties starting on March 31, 2023. Thanks to the new program, Boarding Pass members will tap into unique […]
Blockchain
March 17, 2023
DraftKings Faces Legal Woes as the NFT Market Tanks
DraftKings’ substantial investments into the NFT space have drawn their share of controversy as prices plummet and user interest wanes. The operator also faces a class action lawsuit for allegedly marketing its NFTs as securities without proper registration. DraftKings continues to press on with NFT-based promotions and partnerships and will likely continue to do so […]
Blockchain
March 17, 2023
Playboy’s Ethereum Bid Led to $4.9M in Losses
PLBY Group, Playboy’s parent company, has lost $4.9 million because of the sharp declines across the cryptocurrency space. The company had sold its Rabbitars NFTs for Ethereum, which has now lost much of its value. Playboy launched its NFT line in 2021 and accepted Ethereum as a payment method for the tokens. However, the price […]
Blockchain
December 15, 2022
2022’s AFF Championship Features New NFT-Based Project
Gamification solution developer Low6 joined forces with Web 3.0 technology company Be Media and marketing agency SPORTFIVE to create a new NFT-based fantasy soccer game ahead of the upcoming 2022 ASEAN Football Federation (AFF) Championship. The companies will produce digital collectibles featuring highlights from the AFF Mitsubishi Electric Cup. The NFTs will seamlessly integrate with […]
Blockchain
December 14, 2022
Australian NFT Platform Balthazar Raises Additional $2M Via Token Sale
Australia-based NFT gaming platform Balthazar DAO has raised further financing through a private round of selling tokens, which has increased the company’s valuation. Balthazar Will Invest in Talent Acquisition Striving to be the top NFT gaming platform available in the metaverse, Balthazar DAO has released another Private Round Token Sale, which has helped the company […]
Blockchain
December 7, 2022
Entain with Second NFT Series Promoting Responsible Gambling
Global gambling group Entain announced that the Entain Foundation has launched an NFT auction aimed at promoting responsible gambling. Creative and Fun Way to Promote Responsible Gambling The new NFT series titled “Superheroes of Responsible Gambling” was launched in partnership with the Charles Oakley Foundation, the charity founded by former NBA player Charles Oakley, and […]
