The U.S. District Court for the District of Massachusetts denied DraftKings Inc’s (NASDAQ: DKNG) motion to dismiss a class action lawsuit, ruling that the company’s non-fungible tokens (NFTs) can be considered securities under the Howey test. This case, filed by plaintiff Justin Dufoe on behalf of himself and similarly situated individuals, alleges that DraftKings and … Continue reading Court Rules DraftKings NFTs Are Securities, Denies Motion To Dismiss