By CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data