Monday, July 21, 2025
Fathomless Gaming
No Result
View All Result
  • Home
  • Featured News
  • Popular Games
  • Gaming Reviews
  • New Released
  • Platforms
    • PC
    • Mobile
    • Playstation
    • Xbox
  • ESports
  • Crypto Gaming
  • Home
  • Featured News
  • Popular Games
  • Gaming Reviews
  • New Released
  • Platforms
    • PC
    • Mobile
    • Playstation
    • Xbox
  • ESports
  • Crypto Gaming
No Result
View All Result
Fathomless Gaming
No Result
View All Result

DraftKings settles NFL union suit over NFT pay dispute

May 1, 2025
in Crypto Gaming
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter




US sports activities betting website DraftKings has reached a settlement with the Nationwide Soccer League Gamers Affiliation, which accused the platform of failing to pay for utilizing NFL participant likenesses featured in non-fungible tokens.DraftKings and the NFLPA stated in a Jan. 27 joint letter to New York federal Choose Analisa Torres that that they had mediated the swimsuit and reached a settlement in precept pending “a definitive settlement settlement.”The pair requested a 60-day keep of swimsuit — giving them till March 28 to finalize the settlement. The precise particulars of the settlement weren’t disclosed.Choose Torres, recognized within the crypto group for dealing with the Securities and Change Fee’s lawsuit in opposition to Ripple, should log off the ultimate settlement settlement.NFLPA and DraftKings non-binding settlement to letter to Choose Analisa Torres. Supply: CourtListenerDraftKings partnered with the NFLPA in 2021 to make collectible NFTs of NFL gamers that might be traded in a fantasy sports activities recreation known as Reignmakers.Nevertheless, DraftKings shuttered its NFT market final July and stopped paying the NFLPA beneath the contract, claiming it had a proper to terminate after a federal choose discovered the collectibles fell “throughout the which means” of the Securities Act and Change Act and thus might be securities. The NFLPA sued DraftKings in August and appeared to hunt round $65 million in damages primarily based on figures shared all through the lawsuit. Nevertheless, the ultimate determine requested was redacted within the submitting.The NFLPA additionally alleged that DraftKings threatened to cease providing the NFTs in 2023, however the events later agreed to restructure their contract.Associated: Inside Trump’s crypto agenda: Memecoins, SEC process power and Bitcoin reserve plansThe proposed settlement comes lower than two weeks earlier than the NFL’s Tremendous Bowl, slated for Feb. 9 in New Orleans, Louisiana.The Tremendous Bowl used to host crypto advertisements from the likes of crypto exchanges Coinbase, Crypto.com and FTX, earlier than FTX collapsed in November 2022. Nevertheless, no crypto-related advertisements have been proven in final yr’s Tremendous Bowl.NFT gross sales elevated 2.3% year-on-year to $8.9 billion in 2024 — nonetheless, the determine stays low in comparison with the file $23.7 billion posted in 2022, CryptoSlam knowledge exhibits.Journal: How crypto legal guidelines are altering the world over in 2025



Source link

Tags: disputeDraftKingsNFLNFTpaysettlessuitUnion
Previous Post

Call of Duty League quietly sets all-time viewership records thanks to Gotaga – Dexerto

Next Post

Cuisineer: A Culinary Caper Where Dungeon Crawling Meets Delicious Dishes | TheXboxHub

Next Post
Cuisineer: A Culinary Caper Where Dungeon Crawling Meets Delicious Dishes | TheXboxHub

Cuisineer: A Culinary Caper Where Dungeon Crawling Meets Delicious Dishes | TheXboxHub

The Business of Sports: Companies That Own Teams and Shape the Game

The Business of Sports: Companies That Own Teams and Shape the Game

Trailer Tuesday – l’été Froid: The Werewolves Cry

Trailer Tuesday - l'été Froid: The Werewolves Cry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
How to watch BLAST Austin Major 2025: Stream, Schedule, Teams – Dexerto

How to watch BLAST Austin Major 2025: Stream, Schedule, Teams – Dexerto

May 28, 2025
League of Legends MSI 2025: Full schedule, qualified teams & more – Dexerto

League of Legends MSI 2025: Full schedule, qualified teams & more – Dexerto

June 11, 2025
Nvidia GeForce RTX 5060 review: better than console performance – but not enough VRAM

Nvidia GeForce RTX 5060 review: better than console performance – but not enough VRAM

May 25, 2025
I just tested the Nvidia GeForce RTX 5070, and yes it can beat the RTX 4090, but there’s a big catch

I just tested the Nvidia GeForce RTX 5070, and yes it can beat the RTX 4090, but there’s a big catch

January 9, 2025
Nintendo’s Crackdown On Switch 2 Piracy Has Already Begun

Nintendo’s Crackdown On Switch 2 Piracy Has Already Begun

June 16, 2025
The best FPS games 2025

The best FPS games 2025

May 25, 2025
Donkey Kong Bananza Review – Oohh, Banana! | TechRaptor

Donkey Kong Bananza Review – Oohh, Banana! | TechRaptor

July 21, 2025
How to use DK Artist Mode in Donkey Kong Bananza

How to use DK Artist Mode in Donkey Kong Bananza

July 21, 2025
Echoes of the End – The exciting fantasy action game in the style of God of War is coming this summer.

Echoes of the End – The exciting fantasy action game in the style of God of War is coming this summer.

July 21, 2025
We now know how secure one of the most popular VPNs really is

We now know how secure one of the most popular VPNs really is

July 21, 2025
10 Top Mario Kart Cosplays – From Blue Shells To Bowser

10 Top Mario Kart Cosplays – From Blue Shells To Bowser

July 21, 2025
Ubisoft CEO responds to the Stop Killing Games petition, stating the publisher is ‘working on’ improving its approach to end-of-life support, but that ‘nothing is eternal’

Ubisoft CEO responds to the Stop Killing Games petition, stating the publisher is ‘working on’ improving its approach to end-of-life support, but that ‘nothing is eternal’

July 20, 2025
Facebook Twitter Instagram Youtube RSS
Fathomless Gaming

Stay ahead in the gaming world with Fathomless Gaming. Get the latest gaming news, in-depth reviews, esports highlights, and industry insights—all in one place. Explore everything from AAA titles to indie games and stay connected to the pulse of gaming culture.

CATEGORIES

  • Crypto Gaming
  • ESports
  • Featured News
  • Gaming Reviews
  • Mobile
  • New Released
  • PC
  • Playstation
  • Popular Games
  • Xbox
No Result
View All Result

SITEMAP

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Fathomless Gaming.
Fathomless Gaming is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Featured News
  • Popular Games
  • Gaming Reviews
  • New Released
  • Platforms
    • PC
    • Mobile
    • Playstation
    • Xbox
  • ESports
  • Crypto Gaming

Copyright © 2024 Fathomless Gaming.
Fathomless Gaming is not responsible for the content of external sites.