DraftKings Agrees to $10M Settlement over Unregistered NFT Securities Allegations
Deadline
Deadline: July 21, 2025
Total Settlement Amount
Total amount allocated for all claims
Individual Payout Range
Estimated amount per eligible claim
Proof of Purchase
Claimants must submit a Claim Form with adequate supporting documentation. This may include personal information that confirms you are part of the DraftKings class action lawsuit.
Settlement Summary
DraftKings, an online daily fantasy sports contest provider, has come to a $10 million settlement over a class action lawsuit that it failed to register non-fungible tokens (NFTs) as securities. The lawsuit alleges that DraftKings violated federal and state securities laws between August 11, 2021 and the date of judgment by not registering these NFTs and operating an unregistered securities exchange. NFTs are unique digital assets that represent ownership of a specific item or piece of content, and their legal status as securities has been a contentious issue. The lawsuit against DraftKings highlights the ongoing legal challenges and regulatory uncertainties in this rapidly evolving digital space. While the exact payout per class member is not yet determined, the $10 million settlement will be divided equally among claimants who can provide proof of their interactions with DraftKings NFTs. The deadline to file a claim is July 21, 2025.
Entities Involved
Eligibility Requirements
- Must have used DraftKings and transacted in NFTs in a DraftKings account
- Transactions must have occurred between August 11, 2021, and the date of entry of the Judgment
- Must submit a Claim Form with adequate supporting documentation
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Important Notice About Filing Claims
Submitting false information in a settlement claim is considered perjury and will result in your claim being rejected. Fraudulent claims harm legitimate class members and may result in legal consequences.
If you are unsure about your eligibility for this settlement, please visit the official settlement administrator’s website using the link provided above. Review the eligibility criteria carefully before submitting a claim.
Class Action Champion is an independent information resource and is not affiliated with any settlement administrator, law firm, or court. We provide settlement information as a service to help connect eligible class members with legitimate settlements.